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Bad debts and no boss - IOB a challenge for Modi

Its bad loan ratio stands at 20.5% as at June 30, versus 9.4% a year earlier

Published Fri, Sep 23, 2016 · 09:50 PM
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Mumbai

AS Indian Overseas Bank (IOB) tackles the highest ratio of soured loans among lenders in Asia's third largest economy, it does not help that there has not been a chief executive officer at the helm for about three months.

The state-controlled lender based in the southern city of Chennai has had a leadership vacuum since R Kotee…

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