Wednesday , October 20 2021

Indian Overseas Bank invites bids to sell one of its NPA accounts to recover Rs 187 crore

Indian Overseas Bank (IOB) has invited bids to sell one of its non-performing asset (NPA) accounts in order to recover dues of over Rs 187 crore. The Kolkata-based borrower Jai Balaji Industries, which is into steel business, has an outstanding of Rs 187.10 crore to the bank.

Indian Overseas Bank is a pioneer in many fields – Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

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