{"id":5497,"date":"2018-01-13T01:18:24","date_gmt":"2018-01-13T01:18:24","guid":{"rendered":"https:\/\/www.schoolofeconomics.net\/?p=5497"},"modified":"2018-01-13T01:18:24","modified_gmt":"2018-01-13T01:18:24","slug":"bank-of-india-expects-to-be-out-of-rbis-pca-net-soon-updated","status":"publish","type":"post","link":"https:\/\/www.schoolofeconomics.net\/bank-of-india-expects-to-be-out-of-rbis-pca-net-soon-updated\/","title":{"rendered":"Bank of India expects to be out of RBI\u2019s PCA net soon Updated:"},"content":{"rendered":"
\u00a0January 12, 2018 22:40 IST | K.R.Srivats<\/div>\n
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Dinabandhu Mohapatra, MD & CEO, Bank of India<\/div>\n<\/div>\n<\/div>\n
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Dinabandhu Mohapatra, MD and CEO of Bank of India PTI<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Recent \u20b92,000-cr NPA recovery and govt\u2019s capital support to aid turnaround, says MD<\/div>\n
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Bank of India (BOI), a public sector bank that came under the RBI\u2019s Prompt Corrective Action (PCA) framework recently, has begun the new year on a strong note, recovering as much as \u20b92,000 crore over the last fortnight, a top official said.<\/p>\n

This recovery, coupled with the government\u2019s \u20b92,257 crore capital support under the Indradhanush programme, is expected to help the bank to soon come out of the PCA framework, Dinabandhu Mohapatra, Managing Director and CEO, told\u00a0BusinessLine<\/i>.<\/p>\n

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