The Reserve Bank of India has placed Bank of India under the Prompt Corrective Action Framework, consequent to the onsite inspection under the Risk-Based Supervision Model carried out for the year ended March 2017.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
- Bank of India was founded on 7th September, 1906.
- Managing Director & CEO- Dinabandhu Mohapatra.
- The Bank was under private ownership and control till July 1969.
Source- The Hindu Business Line