An OBDII fault code for Catalyst System Low Efficiency
This code specifically relates the bank 1 catalyst. Related similar fault codes are available for catalytic converter in different locations in the exhaust system. Such as P0430 for the bank two converter.
Chevrolet - Catalyst System Low Efficiency Bank 1
Lexus - Catalyst System Efficiency Below Threshold (Bank 1)
Saturn - Catalyst System Low Efficiency