IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstanding

IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstanding

IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstanding

Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023.

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