1. [March 30, 2001](https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=1099&Mode=0) - A draft of the scheme was issued, inviting comments from SCBs. 2. [December 21, 2002](https://rbi.org.in/Scripts/NotificationUser.aspx?Id=1014&Mode=0) - RBI issued the Scheme of Prompt Corrective Action 1. It allowed the Reserve Bank of India to initiate certain Structured Actions in respect of the banks which have hit the Trigger Points in terms of **CRAR**, **Net NPA** and **ROA**. 2. The Reserve Bank, at its discretion, would also resort to additional actions (Discretionary Actions) as indicated under each of the Trigger Points. 3. [April 13, 2017](https://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=10921) - The existing PCA framework for banks (2002) was reviewed and revised. 4. [November 02, 2021](https://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=12186) -  PCA Framework for SCBs was reviewed and revised, effective from January 1, 2022. *(Withdrawn)* 5. [July 31, 2026](https://rbi.org.in/scripts/NotificationUser.aspx?Mode=0&Id=13637) - Reserve Bank of India (Commercial Banks – Miscellaneous) Supervisory Directions, 2026 ## Related Notes 1. [Basel III Pillars](Basel%20III%20Pillars.md) ## Further Reading 1. Viral V Acharya (Deputy Governor, RBI). Oct 12, 2018. Prompt Corrective Action: An Essential Element of Financial Stability Framework. Remarks delivered at the Indian Institute of Technology, Bombay. [Link](https://rbi.org.in/scripts/BS_SpeechesView.aspx?Id=1065)