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Size, branch reach make Bank of India an attractive privatisation candidate

First to exit PCA in 2019, the bank's efforts to better its asset quality is yielding results

Topics
Bank of India | Bank of India stock | PSBs

Hamsini Karthik  |  Mumbai 



Among the first to exit PCA in February 2019, BOI has significantly reduced its gross non-performing assets (NPA) from 16.3 per cent in Q3 FY20 to 13.3 per cent in December quarter
Among the first to exit PCA in February 2019, BOI has significantly reduced its gross non-performing assets (NPA) from 16.3 per cent in Q3 FY20 to 13.3 per cent in December quarter

Ever since the Union Budget, stocks of public sector banks (PSBs) have witnessed a huge rally, thanks to the indication that two such lenders were headed for privatisation.

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First Published: Wed, February 17 2021. 18:12 IST

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