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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. ....

Tamil Nadu , Asset Reconstruction Companies , Indian Overseas Bank , Non Performing Accounts , Overseas Bank , Financial Assets , Security Interest , Compromise Settlement Schemes , Npa Loans , Iob Auction , Iob Npa ,