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IDBI Drafts Roadmap for NPA Control and Boosted Financial Condition
April 17, 2018
Taking the central bank RBI’s views on its current condition, public sector IDBI bank said it has devised a comprehensive strategy to reduce the number of bad loans and improve financial health.
Sources said that the lender has also identified several non-core assets and real estate assets which it shall put up for sale soon to improve its balance sheet and overall market reputation.
IDBI is currently under the RBI’s prompt corrective action plan. It reported a loss of Rs. 1,542 crores in Q3 of FY18.
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