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Indian Overseas Bank eyes 13 to 14 per cent growth in overall biz

Indian Overseas Bank eyes 13 to 14 per cent growth in overall biz
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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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PTC India Financial skids on reporting Q4 net loss at Rs 54 cr

Read more about PTC India Financial skids on reporting Q4 net loss at Rs 54 cr on Business Standard. PTC India Financial Services (PFS) lost 5.87% to Rs 19.25 after the company reported consolidated net loss stood of Rs 53.66 crore in Q4 FY21 compared with net profit of Rs 7.05 crore in Q4 FY20. ....

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Indian Bank reports Pratibha Group fraud for outstanding dues of Rs 574.66 cr

Indian Bank announced that fully provided Non Performing Accounts of two companies of Pratibha Group namely, Pratibha Industries and FEMC-Pratibha Joint Venture with total outstanding dues of Rs.574.66 crore has been declared as fraud and reported to RBI as per regulatory
requirement.
The Bank has already made full provision of
Rs.574.66 crore against the aforesaid two Accounts.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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