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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. ....
Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023. ....
In the Department of Justice’s (DOJ) war on corporate malfeasance under the Biden administration, much of the DOJ’s strategy for fighting misconduct has focused on providing incentives to companies as opposed to individuals to disclose critical information in exchange for leniency. ....
RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank : Rashtra News The Reserve Bank has imposed a penalty of Rs 79 lakh on Apna Sahakari Bank, Mumbai for non-compliance with certain directions, including on NPA classification. The RBI said statutory inspection of the bank revealed that it had not complied with the ....