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The top officials of the bank informed that with the Government of J&Ks majority shareholding of 63.41 percent in the bank as on June 30, 2023, it is now “a public sector bank for all practical purposes” but as of now may not be strictly classified as such as per the RBI guidelines.
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.
A Durban actor arrested as part of an international crackdown on online predators has been denied bail.
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.