Indian Overseas Bank has adopted a multi-pronged approach to ensure recovery from NPA accounts.
Public sector Indian Overseas Bank has made pragmatic efforts towards reduction in Non-Performing Accounts and for this it has adopted a multi-pronged approach so that maximum recovery from such accounts could be ensured.
As per its statement, the city-headquartered bank through its measures has yielded a decline in Gross NPA to 3.90% as of December 31, 2023. This is from 11.69% recorded as of March 31, 2021.
