Daily Archives

November 3, 2021

We must uphold values of the Constitution: Venkaiah Naidu

The Constitution is a visionary document that reflects India’s core values, and it is the duty of each Indian to work relentlessly to give meaning to the words of the Preamble, Vice President Venkaiah Naidu said on Tuesday. Addressing participants…

PCA framework revised: Asset quality, capital, leverage key

The Reserve Bank on Tuesday announced a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at an “appropriate time” and also act as a tool for effective market discipline. The new provisions will be…

Web-based supervisory system on anvil

The RBI plans to launch a web-based and an end-to-end workflow automation system as part of a plan to introduce a prudential supervisory mechanism. Speaking at a BFSI summit, RBI Deputy Governor MK Jain said the system has been developed for…