#further parity

PCA Framework for NBFCs brings further parity with banks in terms of regulations: Ind-Ra

The Reserve Bank of India’s prompt corrective action (PCA) framework for non-banking financial companies (NBFCs) brings further parity in terms of the regulations between banks and non-banks, due to the increased size and scale of NBFCs and interconnectedness with banks, along with the scale-based regulation implemented in October 2021 and the alignment of asset quality classifications…