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Efforts to cut bad loans to come out of PCA framework: Indian Overseas Bank


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Indian Overseas Bank

Indian Overseas Bank (IOB) is taking various measures to reduce its bad loans so as to come out of the RBI's prompt corrective action framework and its one-time settlement strategy has paid dividend in recoveries of bad loans, the state-run bank said in the annual report for 2019-20.

The Chennai-based lender had returned to black, registering a net profit of Rs 144 crore in the January-March quarter of the fiscal ended ...


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