Notification Detail :
RBI/2023-24/67
Ref. No.DoS.CO.PPG/SEC.05/11.01.005/2023-24
October 10, 2023
All Deposit Taking Government NBFCs
All Non-Deposit Taking Government NBFCs in Middle, Upper and Top Layers
Dear Sir / Madam
Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs) – Extension to Government NBFCs
Reserve Bank of India introduced PCA Framework for NBFCs on December 14, 2021. The Framework has since been reviewed and it 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 on March 31, 2024, or thereafter.
Yours faithfully,
(Tarun Singh)
Chief General Manager
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