IDBI Bank, which is battling losses and a mountain of non-performing assets (NPAs), is reportedly planning to augment its capital base through sale of non-core assets valued at about Rs 5,000 crore. The bank has already received capital infusion of Rs 1,900 crore from the government.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.