Rs 7K-crore NPA sale to NARCL by Q4: IDBI Bank MD & CEO Rakesh Sharma

'We have identified accounts worth Rs 11,000 crore, of which Rs 4,000 crore is technically written off', said Sharma

IDBI Bank Managing Director and Chief Executive Officer Rakesh Sharma in conversation with Manojit Saha says the board has decided to maintain retail share in total loans above 60 per cent. He says profitability will improve since most non-performing assets (NPAs) have been provided for. Edited excerpts:

IDBI Bank is firmly on the path to profit. What is the next three-year growth strategy for the bank?

In terms of business, we aim to grow at 10-12 per cent for retail, micro, small, and medium enterprises, and large credit. Our focus will mainly be in mid-corporate where the quality of advances will be respectable.