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Indian Overseas Bank adopts multi-pronged approach to ensure recovery from NPA accounts

By Economic Times - 7 months ago
Indian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strategies include Securitisation, Compromise Settlement, Asset Reconstruction, with e-auction on May 28, details on www.iob.in.

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