IDBI Bank has set up a special department for managing bad loans and monitoring credit after taking a series of hits which include being put under watch by RBI and a downgrade by credit rating agency ICRA.
Besides, in an attempt to fulfil capital conservation buffer norms, the bank may raise about Rs 5,000 crore by selling non-core assets in the current fiscal.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
