In May 2018, which one of the following banks was restricted from giving fresh credit and new recruitment of staff by the Reserve Bank of India?
Punjab National Bank
Dena Bank
Central Bank of India
Bandhan Bank
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2018
The Prompt Corrective Action (PCA) framework is a supervisory tool used by the RBI to monitor financially weak banks. Banks under PCA face restrictions aimed at improving their financial health.