December 21, 2017 / 1:16 PM / a month ago

BRIEF-India's IOB Says RBI Does Not Accept Co's Clarification on Reducing Divergences In Gross NPA, Provisioning

Dec 21 (Reuters) - Indian Overseas Bank:

* INDIAN OVERSEAS BANK - IN 2016-17, ACCOUNTS , CO GAVE ‘ADEQUATE CLARIFICATION’ TO REDUCE DIVERGENCE IN GROSS NPA AND IN PROVISIONING OBSERVED BY RBI

* INDIAN OVERSEAS BANK -‍RBI OBSERVED JUSTIFICATION BY CO IS ON GROUNDS OF DEVELOPMENT POST FINALIZATION OF THIER ASSESSMENT, THEREFORE NOT ACCEPTABLE‍​ Source text: bit.ly/2DlMCPA Further company coverage:

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