Indian Overseas Bank (NSEI:IOB) has put on sale 92 bad loan accounts totalling INR 134.72 billion, including Videocon Industries (INR 9.00 billion), Frost International (INR 8.39 billion) and Rotomac Global (INR 7.50 billion), for a reserve price of over INR 40.00 billion. The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) are delayed beyond any timeline, IOB executive director Joydeep Dutta Roy said.
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5-day change | 1st Jan Change | ||
64.7 INR | +4.27% | +6.85% | +49.42% |
10/05 | Indian Overseas Bank's Consolidated Net Profit Climbs in Fiscal Q4 | MT |
09/05 | Indian Overseas Bank Reports Earnings Results for the Fourth Quarter Ended March 31, 2024 | CI |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+49.42% | 14.08B | |
+20.43% | 590B | |
+16.75% | 307B | |
+23.30% | 257B | |
+24.18% | 213B | |
+25.81% | 190B | |
+29.53% | 172B | |
+9.68% | 164B | |
+8.46% | 151B | |
+8.26% | 135B |
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