lsquo Prompt Corrective Action rsquo often seen in the news is related to ........

Explanation:

Banking Sector

Prompt Corrective Action (PCA) is a framework followed by banking regulators to ensure that banks maintain adequate capital levels, manage their asset quality effectively, and adhere to regulatory requirements. PCA is primarily implemented by central banks or regulatory authorities to monitor and address the performance of banks that are weak or in financial distress.