Business Standard

Indian Overseas Bank intimates on RBI initiated Prompt Corrective Action

Image

Capital Market

To improve internal control of the Bank

Indian Overseas Bank announced that Reserve Bank of India has initiated a Prompt Corrective Action on the Bank and that this action will not have any material impact on the growth prospects/performance of the Bank. The directions given by RBI are for improving the internal control of the Bank and for the purpose of consolidation of the activities of the Bank.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 06 2015 | 11:04 AM IST

Explore News