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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

In the context of the Indian banking sector and Reserve Bank of India (RBI) regulations, PCA stands for Prompt Corrective Action. It is a structured early-intervention framework under which the RBI places financially weak or stressed commercial banks under specific operational restrictions to restore their financial health.

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PCA stands for
A
Public Current Account
B
Principles of Corporate Accounting
C
Prompt Corrective Action
D
Public Channel Agency

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