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Resolution of Large Cases to Help IDBI Bank Attain Balance Sheet Stability
November 03, 2017
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.