Search
BoI to Shut 400 ATMs, More Under Review
December 27, 2017
As a part of its turnaround plan, public sector Bank of India (BoI) is going to shut down 400 running ATMs, and deciding the fate for 300 more.
BoI is currently struggling due to a large number of non-performing assets (NPA), the reason for which the central bank RBI also put it under the prompt corrective action (PCA) framework recently.
MD and CEO of BoI Dinabandhu Mohapatra said that the bank has been working on a turnaround plan in collaboration with the government for the past 6 months.
