Reserve Bank of India introduced Prompt Corrective Action(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 with effect from October 1, 2024, based on the audited financials of the NBFC as on March 31, 2024, or thereafter.
Government NBFCs in the base layer is exempted from the framework.
