Indian Overseas Bank to auction ₹457-crore NPA from MSMEs By Investing.com – Canada Boosts
© Reuters. CHENNAI – Indian Abroad Financial institution (IOB), in a transfer to handle its non-performing belongings (NPAs), has introduced an e-auction of a ₹457-crore portfolio consisting of non-performing loans from micro, small, and medium enterprises (MSMEs). The financial institution is concentrating on a minimal restoration of 60%, which might equate to ₹137 crore in…