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Name of Person with Overall Responsibility for the CAP Title. Date Company Address City State Zip Code Telephone NPI Directions Implement a Corrective Action Plan by following the steps listed below and then the plan in the accompanying table. 1. Define the problem see probe review findings letter. 2. Identify the cause s. 3. Determine solutions. 4. Set achievable due dates. 5. Explain how the corrective action plan will be monitored* 6. Assign an owner who is accountable for implementing each ...

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What is that a bank is not allowed to do if PCA is triggered?

Measures under PCA RBI may place restrictions on credit by PCA banks to unrated borrowers or those with high risks, but it does not invoke a complete ban on their lending. RBI may also impose restrictions on the bank on borrowings from interbank market. Banks may also not be allowed to enter new lines of business.

What are the trigger points of prompt corrective action?

Certain trigger points have been determined for the PCA framework under the three parameters taking into account the practicability of implementation of certain measures in the Indian context.... Restriction on entry into new lines of business. Reduction / suspension of dividend payments. Reduction in stake in subsidiaries.

What is prompt corrective action for banks?

What is a PCA framework? A prompt corrective action framework, introduced for banks in 2002 and upgraded a couple of times thereafter, works as an early warning signal for banks in stress. The framework gets activated when banks fail to meet certain financial parameters that the regulator has sent as the minimum.

What is prompt corrective action PCA?

Prompt Corrective Action (PCA) is a framework under which financially weak and mismanaged banks are put under watch by the RBI. RBI introduced PCA framework in 2002 as a structured early-intervention mechanism for banks that were suffering from poor asset quality, or were vulnerable due to loss of profitability.

What does PCA stand for in lending?

PCA. Prompt Corrective Action. Business, Corrective, Capital.

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