IOB lowers yearly profit to Rs 646 cr on asset classification divergence - Business News: Latest News & Videos about market and economy | Trendmergers

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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.

from Industry-Economic Times
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