Question
Name the bank which has been recently put by RBI under
Corrective Action Framework (PCA).Solution
Banking regulator RBI has put Bank of India under Prompt Corrective Action (PCA) framework. This is due to weak financial profile: very high Non-Performing Asset (NPA) of 12.62%, insufficient Common Equity Tier 1 (CET1) capital and negative Return on Asset (RoA). How does it affect the bank? Now the bank will face restriction on lending, enhance effort for recovery of loans and sale non-core assets. Â BOI is a Public Sector Bank (PSB) with government stake of 75.1%.
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