Notification regarding Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs) (dated – 14.12.2021) – RBI.
View PdfNotification regarding Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs) (dated – 14.12.2021) – RBI.
- In terms of extant regulations, Government NBFCs have been provided time upto March 31, 2022 to adhere to the capital adequacy norms provided for NBFCs (Ref. Annex I of Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016). Accordingly, a separate circular would be issued in due course with regard to applicability of PCA Framework to Government NBFCs.
- The PCA Framework will be reviewed after three years of being in operation, refer attachment for further details.
