Idbi Fears Loss This Year If Govt Closes Funds Tap

The Industrial Development Bank of India has expressed fears that the institution can slip into the red for the first time this fiscal if it is not provided with adequate funding and the market continues to be dull.

Sources said IDBI chairman and managing director PP Vora has informed the government that the return on investment could be hit by around Rs 250 crore as a result of the lacklustre stock market. Also, the institution