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Can LIC and Rakesh Sharma save IDBI Bank?

IDBI Bank will post net loss in September and probably in the December quarter too but it can come out of the woods

Tamal Bandyopadhyay 

Tamal Bandyopadhyay

IDBI Bank Ltd, quarantined in the correctional facility of the Reserve Bank of India (RBI) which restricts its ability to lend, is about to start corporate lending in a limited way to its existing customers with high credit ratings. Till now, its ability to lend is capped at Rs 5 crore per customer.

In the June quarter, it announced successive 11th quarter loss — Rs 3,801 crore. From December 2015 when all Indian banks were forced to clean up their balance sheets till June 2019, it has made losses every quarter barring two — overall a record Rs 35,977 crore in the ...

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First Published: Sun, October 13 2019. 21:19 IST
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