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17 banks could follow IDBI Bank in facing RBI’s restrictions on paying dividends, says Moody’s
May 12, 2017
- Seventeen lenders could follow IDBI Bank Ltd. in facing Reserve Bank of India’s restrictions on paying dividends and may be asked by the regulator to raise more capital after a surge in soured debt led to a slump in profitability, Moody’s Investors Service said.
- State-backed IDBI Bank became the first lender to fall under the Indian central bank’s so-called Prompt Corrective Action announced in April “in view of high net non-performing assets and negative return on assets,” the Mumbai-based bank said in an exchange filing on Tuesday
