Choose the incorrect answer regarding the Prompt Corrective Action PCA Framework launched by RBI on ...........

Current GK (SBI-PO) Indian Economy

Choose the incorrect answer regarding the Prompt Corrective Action(PCA) Framework launched by RBI on December 14, 2021?

This questions was previously asked in

SBI PO Prelims (02 Jan, 2022)

The PCA Framework is for the Non-Banking Financial Company's

The PCA Framework will be only applicable to Deposit-Taking NBFCs.

The provisions of the PCA Framework will be effective from October 2022.

Capital and Asset Quality would be key monitoring areas.

PCA framework for NBFCs will be reviewed after three years.

The PCA Framework will be only applicable to Deposit-Taking NBFCs.

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