IDBI Bank has established an exclusive vertical having around 100 dedicated staff to recover their mounting Non Performing Assets (NPAs), which now stand at around Rs 45,500 crore. Apart from creating this NPA recovery vertical, the bank management has formed a ‘Credit Monitoring Group’ to find out potential NPAs based on early warning signals.
Recently, the Reserve Bank of India has put IDBI Bank along with Dena Bank, Indian Overseas Bank and UCO Bank, under the PCA (prompt corrective action) in view of their mounting non-performing assets.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
