The Industrial Development Bank of India (IDBI) has capped its exposure to a single company at Rs 500 crore. Its exposure to a group has been capped at Rs 2,000 crore. These are drastic reductions from the existing norms wherein the financial institution could lend up to 20 per cent of its net worth (amounting to Rs 1,832 crore) to a single borrower and 50 per cent (Rs 4,580 crore) to a group of companies.
According to its annual report, IDBI
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