Indian Overseas Bank has successfully reduced its NPAs through a multi-pronged strategy including securitization, SARFAESI actions, and asset sales. Learn more.Chennai, May 5 (PTI) Public sector Indian Overseas Bank has made concerted efforts for a reduction in Non-Performing Accounts and has adopted a multi-pronged approach to ensure a maximum recovery from such accounts.The measures taken by the city-headquartered bank have yielded a decline in Gross NPA to 3.90 per cent as of December 31, 2023, from 11.69 per cent recorded as of March 31, 2021, the bank said in a statement here.To sustain and bolster this momentum, the bank has published a sale notification that pertains to the sale…
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Indian Overseas Bank Reduces NPAs with Multi-Pronged Approach: Rediff Moneynews
