Question
Name the bank which has been recently put by RBI under Corrective Action Framework (PC
- A .
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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