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 Banking/Finance-Industry-Economic Times https://ift.tt/3qIsmmz