RBI Update – Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs) – Extension to Government NBFCs

Reserve Bank of India introduced the PCA Framework for NBFCs on December 14, 2021. The Framework has since been reviewed and has been decided to extend the same to Government NBFCs (except those in Base Layer) with effect from October 1, 2024, based on the audited financials of the NBFC as of March 31, 2024, or thereafter.
Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12543&Mode=0