|Chennai||Rs. 28730.00 (1.13%)|
|Mumbai||Rs. 29740.00 (-0.13%)|
|Delhi||Rs. 29200.00 (0%)|
|Kolkata||Rs. 29350.00 (0%)|
|Kerala||Rs. 28000.00 (0%)|
|Bangalore||Rs. 28400.00 (0%)|
|Hyderabad||Rs. 28470.00 (-0.11%)|
Indian Overseas Bank (IOB) has issued a notice to Deccan Chronicle under the Sarfaesi Act, to redeem a part of its lending to the company.
The bank has an exposure of Rs 75 crore to Deccan Chronicle. The Sarfaesi Act is the strict law enabling seizure and sale of a defaulter's assets.