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K. Nitya Kalyani
CHENNAI, March 25
INDIAN Bank is awaiting the second report of its consultant, ICRA, which will focus on the unfinished agenda, so to say, of the revival package that was put into motion about two years ago.
The main focus of the second report, due in a few weeks, is likely to be recoveries of non-performing assets (NPAs) of the bank.
While the bank has recovered NPAs of Rs. 370 crores until now this financial year, which is a high figure in absolute terms among banks, it does not represent adequate progress given the size of this bank's bad loans, admit top officials of the bank. The bank has NPAs of over Rs. 3,000 crores …