RBI puts Bank of India under watch; initiates 'corrective action'
In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action Framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017.
he BoI stock was trading at Rs 174.50, down 3.78 per cent on BSE. Image source: PTI