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Ind Bank Housing Limited (IBHL), which was formed as a Subsidiary of Indian Bank during the year 1991 performed well during the initial years. due to various factors including a high level of NPAs, IBHL started showing financial strains. Due to a negative net worth situation the company was forbidden from accepting public deposits and in the absence of working funds, the main activity of extending housing loans was discontinued from the year 2000. Now the company is engaged in recovery of dues from various categories of borrowers and applying the same for reduction of public deposits.




 
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