The revised framework seeks to provide flexibility to design entity specific supervisory action plans based on the assessment of risks on a case-by-case basis, the regulator said Friday. The objective of the framework is to enable supervisory intervention at appropriate time and require UCBS to initiate and implement remedial measures in a timely manner, to restore their financial health.The RBI had issued a supervisory action framework (SAF) as an early intervention tool for bringing about desired improvements in weak UCBs or those experiencing financial stress. The SAF was last revised in January 2020."The PCA framework shall replace the SAF," the RBI said, adding the revised framework will provide flexibility to design entity specific supervisory action plans based on assessment of risks on a case-by-case basis. "The framework has been suitably harmonised with similar frameworks applicable for commercial banks and non-banks, with suitable modifications keeping in mind the underlying principle of proportionality," it said, adding the PCA framework is largely principle-based with fewer number of parameters compared to the SAF, without any dilution in the supervisory rigour."The revised framework is expected to give more focus on larger UCBs requiring more intensive monitoring by optimal utilisation of supervisory resources," it said.

RBI issues PCA framework for co-op banks to enable supervisory intervention

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.