Section 7 of the RBI Act, 1934: All you need to know

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The government believes that easing lending rules for the 11 banks under the Prompt Corrective Action (PCA) framework could help reduce pressure on Micro, Small and Medium Enterprises (MSMEs). However, the apex bank differs a bit, contradicting that such a move would undo clean-up efforts against Non-performing assets (NPAs).



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