IOB lowers yearly profit to Rs 646 cr on asset classification divergence
While the bank reported Gross Non-Performing Assets (GNPAs) at Rs 16,323 crore in FY21, the Reserve Bank assessed it at Rs 17,023 crore, leading to a divergence of Rs 700 crore in gross bad loans.
Post-Covid work arrangements bring cyber insurance into spotlightMoody's said that entities that fail to adapt will be at the most risk with risks rising across the board during periods when organizations transition to new cybersecurity procedures. Also, reduced cyber security coverage will have a negative impact on the credit profile of companies.
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