Question

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

Q: Answer-Name the bank which has been recently put by RBI under Corrective Action Framework (PCA).

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. BOI is a Public Sector Bank PSB with government stake of 75.1.