Why Indian Overseas CMD thinks his bank's shares will rise

Chennai-based Indian Overseas Bank (IOB) aims to check its rising level of non-performing assets that caused its shares to underperform the benchmark BSE-Bankex by a wide margin. In the last one year, IOB shares have fallen 31%, compared to a 3.5% decline in the Bankex.

February 04, 2012 / 16:00 IST

Chennai-based Indian Overseas Bank (IOB) aims to check its rising level of non-performing assets that caused its shares to underperform the benchmark BSE-Bankex by a wide margin. In the last one year, IOB shares have fallen 31%, compared to a 3.5% decline in the Bankex.

After reporting a weak set of numbers for the December quarter, IOB is hopeful that the current quarter will be a much better one, led by better recovery of bad loans, and also fewer loans going bad.

first published: Feb 3, 2012 05:51 pm

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