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Indian regulations on PCA, capital are conservative, rule-based, says SBI
Indian regulations on capital requirements, provisioning for sour assets and prompt corrective action (PCA) restricting regular activities by lenders are conservative and rule-based, SBI's research wing has said in a report. It did not call for any relook in the report which comes amid a heated debate between the Government and the RBI over such aspects. Whether a rule-based or a discretion-based approach works better remains a matter of empirical debate till date, it said, while commenting on the PCA and provisioning norms.
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