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In the Indian banking system, the acronym PCA stands for:

  1. A
    Public Current Account
  2. B
    Principles of Corporate Accounting
  3. C
    Prompt Corrective Action
  4. D
    Public Channel Agency

Solution & Step-by-step Explanation

PCA stands for Prompt Corrective Action. It is a structured supervisory framework implemented by the Reserve Bank of India (RBI) that applies specific operational restrictions on commercial banks if they breach critical financial thresholds related to asset quality, capital adequacy, and profitability.

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In the Indian banking system, the acronym PCA stands for:
A
Public Current Account
B
Principles of Corporate Accounting
C
Prompt Corrective Action
D
Public Channel Agency

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