Bank of India out of PCA framework

Last week, a big headline from the public sector banking space Bank of India (BoI), Bank of Maharashtra and Oriental Bank of Commerce (OBC) are now out of the prompt corrective action (PCA) framework. However, the Reserve Bank of India (RBI) will continue to regularly monitor the performance of these banks. Dinabandhu Mohapatra, MD and CEO of Bank of India shared his views and outlook.