The six-member MPC is scheduled to announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4.
RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.
Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion.
PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.
Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.
The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.
RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.
Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth.
Markets would remain closed on Wednesday for 'Mahatma Gandhi Jayanti'.
PCA is aimed at improving the performance of the bank and will not have any adverse impact on the day-to-day operations.