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IOB aims to exit PCA soon: Karnam Sekar

We are strengthening our asset recovery management branches with relatively high value advances. We have tried to pool stressed assets in these branches, so that they get special focus with the help of equipped staff. Unless we bring the net NPA percentage below 6, we will not be able to come out of PCA, right now it’s less than 10%.

from Economic Times https://ift.tt/2PXk8Ea

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