Commenting on whether the PCA (Prompt Corrective Action) norms be relaxed or not, Rajan said, "Basel norms are flexible for some conditions but very stringent versus other Indian rules. RBI as a professional institution must be trusted for putting 11 banks under PCA."from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QmeHwh
