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RBI places Bank of India under PCA framework after bad loan spike

21 Dec 2017 Evaluate

The Reserve Bank of India (RBI) has placed the Bank of India under Prompt Corrective Action  (PCA) Framework, consequent to the onsite inspection under the Risk Based Supervision Model carried out for year ended March 2017, and the report issued thereof.

This is in view of high net NPA, insufficient CET1 Capital and negative ROA for two consequent years. This action will contribute to the overall improvement in risk management, asset quality, profitability, efficiency, etc of the Bank.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 947.75
PNB 115.70
Bank Of Baroda 231.50
Canara Bank 121.45
Union Bank Of India 171.30
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