Bank of India
PCA framework was implemented on Bank of India in December, 2017. Since then the bank has been able stage a turnaround posting better quarterly results. Profit after tax for June quarter was Rs 95.11 crores, an improvement from the preceding quarter when it posted a loss of Rs 3,969.27 crores. Net NPA stood at 8.45 per cent which has seen a drop of 1.84 per cent since the implementation of PCA. CAR as per Basel III norms stood at 11.43 per cent. Return on assets (ROA) which stood at 0.06 per cent, also displayed growth after being negative for two consecutive quarters (-2.36 in Q4 FY17 and -1.36 in Q3 FY17), indicating increased profitability potential in future.