RBI puts Bank of India under prompt corrective action

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Bank of India said on Wednesday that the Reserve Bank of India has initiated ‘prompt corrective action’ (PCA) against the lender over high bad loans. High net non-performing assets (NPA), insufficient common equity tier 1 (CET1) capital and negative return on assets (ROA) for two consecutive years has prompted the action.
Read more at Hindustan Times.

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