Daily Current Affairs 2026, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2026 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.


RBI Removes Central Bank of India from PCA Framework

Category : Business and economics
Published on: September 22 2022 Share on facebook

  • The Reserve Bank of India (RBI) removed Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs). 
  • The RBI had imposed the PCA norms on the bank in June 2017 due to its high net NPA and negative return of assets (RoA). 
  • After reviewing the performance of the Central Bank of India, RBI decided to remove the restrictions on the bank.
  • RBI initiated the Scheme of Prompt Corrective Action (PCA) in 2002.
  • In early 2018, there were 12 banks under PCA framework. Of these, 11 were PSBs.
Recent Post's
  • Iraq has confirmed the complete withdrawal of U.S.-led coalition forces from its federal territory, moving towards bilateral security cooperation with the US.

    Read More....
  • Scientists have discovered a new microscopic crustacean species, Indiaphonte bijoyi, in Lakshadweep’s Kavaratti lagoon.

    Read More....
  • ICICI Bank has approved Sandeep Bakhshi’s reappointment as MD & CEO till October 2028, subject to regulatory approvals.

    Read More....
  • NASA’s Artemis II mission will send astronauts around the Moon for the first time since 1972, with launch planned in February.

    Read More....
  • Prime Minister Narendra Modi inaugurated the ₹6,950 crore Kaziranga Elevated Corridor project to improve connectivity and protect wildlife.

    Read More....
  • China’s population declined for the fourth straight year in 2025 due to falling birth rates and rising deaths.

    Read More....
  • UNDESA has projected India’s economic growth at 7.4% for the current fiscal year, driven by strong consumption and investment.

    Read More....
  • Micron Technology will acquire a Taiwanese semiconductor facility for $1.8 billion to expand DRAM production.

    Read More....
  • Indian Railways has significantly improved safety and infrastructure, with nearly 80% of tracks now supporting speeds above 110 kmph.

    Read More....
  • Japan has initiated steps to restart the Kashiwazaki-Kariwa nuclear plant as part of its shift toward cleaner energy.

    Read More....