Banking Reforms Flashcards
1
Q
What is IBC
A
Insolvency and Bankruptcy Code is an act passed in 2016 to formalise process of insolvency.
2
Q
What is PCA
A
Prompt Corrective Action is an measure where RBI applies restrictions the poor performing banks with NPA to bring them back on track.
3
Q
What is Project Shashakth
A
It is an Sunil Mehta commitee recommendation to solve insolovancy of banks when multiple stakeholders provide loan to a single entity
