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IOB to sell 92 NPAs worth Rs 13,000 crore, among biggest sales

Business News: Chennai: In one of the largest sale of bad loans, state-owned Indian Overseas Bank has announced the sale of 92 NPA loans with a collective value of R.

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NPA Loans: Indian Overseas Bank to Sell ₹13k Cr Worth of NPAs in One of the Biggest Sales | Chennai News

Indian Overseas Bank announces the sale of 92 NPA loans worth Rs 13,471 crore, including accounts like Videocon, Lanco, IL&FS Financial Services, Jet Airways, and Reliance Communications. Expressions of interest are called from asset reconstruction companies for the auction of these NPAs.

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Indian Overseas Bank to Auction Rs 13,471 68 Crore NPA Portfolio, Share Price Plunges

Indian Overseas Bank to Auction Rs 13,471 68 Crore NPA Portfolio, Share Price Plunges
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Indian Overseas Bank adopts multi-pronged approach to ensure recovery from NPA accounts

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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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
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