RBI vs Government: Finance Ministry was aware of changes in PCA ahead of its rollout

The Reserve Bank of India (RBI) had not just written a detailed letter, it had also made a presentation to the finance ministry before it rolled out the tighter norms for Prompt Corrective Action (PCA) in April 2017, persons familiar with these developments said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2RxlzqX