Bank of India informed exchanges that the Reserve Bank of India has placed the bank under Prompt Corrective Action 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 return on assets for two consequent years. This action will contribute to the overall improvement in risk management, asset quality, profitability, efficiency, etc of the bank," it said.
"This is in view of high net NPA, insufficient CET1 Capital and negative return on assets for two consequent years. This action will contribute to the overall improvement in risk management, asset quality, profitability, efficiency, etc of the bank," it said.
No comments:
Post a Comment