IOB raises lending target for home, MSME loans; hopes to be profitable soon: CEO

The Public sector bank, which is under the RBI's prompt corrective action (PCA) currently and has been incurring losses for the past 18 quarters, posted large losses because of huge non-performing assets (NPAs) for the past 7-8 years, caused mainly on account of large exposure in the corporate sector, its CEO Karnam Sekar said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UZwDSE