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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 ,

IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstanding

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. ....

New Delhi , Interested Asset Reconstruction Companies Arcs , Indian Overseas Bank , Companies Arcs , Overseas Bank , Book Outstanding , Multiple Banking , Asset Reconstruction Companies , Outstanding Loan , Non Performing Assets ,

Durban actor arrested in international child porn ring investigation denied bail

A Durban actor arrested as part of an international crackdown on online predators has been denied bail. ....

Kwazulu Natal , South Africa , Natasha Ramkisson Kara , National Prosecuting Authority , Prosecuting Authority , Child Porn Ring Investigation , South Africa , Owetan Live , Ood Life , Reaking News ,

Come One, Come All: DOJ Unveils Individual Self-Disclosure Program

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. ....

United States , New York , Victor Vic Obasajuan , Nicole Argentieri , Robert Anello , Department Of Justice , Us Attorney Office , Division Pilot Program On Voluntary Self , Division Corporate Enforcement Policy , Bolts Of The Criminal Division Pilot Program , Pilot Program , Underlying The Criminal Division , Whistleblower Pilot Program , Corporate Enforcement , Voluntary Self Disclosure Policy , Criminal Division , Acquisitions Safe Harbor Policy , Voluntary Self Disclosure , Foreign Corrupt Practices Act , Individual Whistleblowers , Southern District , Justice Manual , Foreign Extortion Prevention Act , Practical Implications , Acting Assistant Attorney General , Corporate Enforcement Policy ,

Business News: RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank

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 ....

Apna Sahakari Bank , Reserve Bank , Maintenance Of Minimum Balances , Npa Classification , Transaction Or Agreement ,