IDBI Bank expects its gross NPAs to come down to 15% by FY22-end

Growth in loan book and transfer of some bad assets to NARC will fuel the reduction in gross NPAs

The gross bad loans ratio of IDBI Bank may come down to 15 per cent of its loan book by the end of FY22 from the current 22.71 per cent aided by growth in the advances, now that it has come out of prompt corrective action (PCA) of the Reserve Bank of India (RBI).

Also, it is looking to transfer around Rs 11,000 crore-Rs 12,000 crore of bad loans, out of which Rs 3,500-4,000 crore will be accounts that have been written off, and the rest Rs 7,000 crore- Rs 8,000 crore will be on balance sheet loans, to the