Iob Q4 Results
IOB posts Rs 143.79 cr net profit in Q4 FY20 on back of declining bad loans
Provisioning for bad loans and contingencies during the quarter under review fell to Rs 1,060.38 crore as against Rs 4,501.92 crore in the year-ago quarter
 "IOB posts Rs 143.79 cr net profit in Q4 FY20 on back of declining bad loans")
RBI's revised framework on stressed assets resolution hits IOB bottom line
Net loss of Indian Overseas Bank has widened to Rs 36.06 billion during the quarter ended March 31, 2018, as compared to Rs 6.46 billion during the same quarter last year, owing to higher provisioning as per the revised regulatory framework by RBI.The increase in losses is mainly due to provisioning requirements including higher provisions as per RBI guidelines on revised framework on Resolution of Stressed Assets, said the Bank.Following the revised framework, the Bank has classified the specific restructured accounts in accordance with extant Income Recognition and Asset Classification (IRAC) norms and made a provision of Rs 7.99 billion towards such accounts during the current quarter.While the total recovery during the quarter was at Rs 57.26 billion as against the recovery of Rs 27.29 billion during quarter ended March 2017 while the total slippage for quarter ended March 2018 stood at Rs 98.68 billion mainly on account of theimpact of RBI guidelines on revised framework on ...
 "RBI's revised framework on stressed assets resolution hits IOB bottom line")
