In a fresh proposal, the Industrial Development Bank of India (IDBI) has sought a succour of over Rs 5,500 crore from the government. While Rs 1,500 crore would be required to make higher provisioning for non-performing assets (NPAs), another Rs 1,500 crore would be needed to write-off bad debts.
The Reserve Bank of India, in its inspection report, had said that IDBI has made provisions of only 23 per cent on its NPAs, instead of keeping it in the range of 40-50 per cent. The central bank had pointed out that ICICI had made provisions of 45 per cent.
The institution
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