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Exposure to Tamil Nadu SEB was not restructured: IOB

In an interview to CNBC-TV18, M Narendra, chairman of Indian Overseas Bank says, Tamil Nadu SEB account has been performing well. “They are servicing their account very well. There is no irregulatory whatsoever in the account,” he adds. He further says, exposure to Tamil Nadu SEB was not restructured.

April 02, 2012 / 20:23 IST
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Banks have had exposure to State Electricity Boards (SEBs). The Tamil Nadu Electricity Regulatory Commission has hiked power tariff by 37%.

In an interview to CNBC-TV18, M Narendra, chairman of Indian Overseas Bank says, Tamil Nadu SEB account has been performing well.

TAGS: #Business #Indian Overseas Bank #M Narendra #State Electricity Boards #Tamil Nadu Electricity Regulatory Commission
first published: Apr 2, 2012 03:38 pm

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