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IDBI Bank can recover $2.4 billion in bad loans: CEO Rakesh Sharma
short by Srishty Choudhury / on 26 Aug 2022,Friday
IDBI Bank's CEO Rakesh Sharma said the bank could recover $2.4 billion in bad loans. Sharma said the bank has about $9.7 billion provision for bad loans, including written-off loans, and around 25% is likely to be recovered. This comes amid reports of the Centre and the Life Insurance Corporation considering selling at least 51% stake in IDBI Bank.
short by Srishty Choudhury / 02:13 pm on 26 Aug
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