1st collector for Re-structuring on two big accounts led to 50% d...
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Re-structuring on two big accounts led to 50% decline in Q3 PAT: IOB
M Narendra, CMD of Indian Overseas Bank told NDTV Profit that the 50 per cent decline in Q3 profits on year on year basis was due to re-structuring of accounts, particularly two big accounts. He, however, assured that the recovery in Q3 FY 12 has been better than Q2 FY 12.
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