Back to Career News

Resolution of Large Cases to Help IDBI Bank Attain Balance Sheet Stability

November 03, 2017

Resolution of Large Cases to Help IDBI Bank Attain Balance Sheet Stability

The resolution of the large cases that involve bad loans and currently rest with the bankruptcy court, will be instrumental in improving the balance sheet of public sector IDBI Bank, CEO M K Jain said in a recent interview.

Jain said that once the resolution of the NCLT accounts (list 1 and list 2) which make for 55% of the non-performing loans (NPL) book is achieved, the bank will come out of red.

IDBI Bank has the highest ratio of bad loans of 25%. It reported a net loss of Rs. 198 crores in the quarter that ended September this financial year.

Important Links:
Tags:
Finance

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp