Tuesday, November 16, 2021

IOB lowers yearly profit to Rs 646 cr on asset classification divergence

While the bank reported Gross Non-Performing Assets (GNPAs) at Rs 16,323 crore in FY21, the Reserve Bank assessed it at Rs 17,023 crore, leading to a divergence of Rs 700 crore in gross bad loans.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/iob-lowers-yearly-profit-to-rs-646-cr-on-asset-classification-divergence/articleshow/87743885.cms

No comments:

Post a Comment