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Daily Archives: December 17, 2021
Prompt Corrective Action Framework for NBFC’s [Effective from October 1, 2022]
RBI vide Circular RBI/2021-22/13DoS.CO.PPG.SEC.7/11.01.005/2021- 22, dated 14th December, 2021 has issued guidelines for a prompt corrective action framework for non-bank finance companies. The PCA Framework for NBFCs comes into effect from October 1, 2022, based on the financial position of … Continue reading
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