IDBI Bank is eyeing to come out of the Prompt Corrective Action (PCA) framework in the last quarter of the current fiscal with the support of capital infusion and recovery from large IBC cases.
With money coming from resolution on Essar Steel and expected flow from resolution of Bhushan Power and Steel and Alok Industries, the bank is likely to be posting profit during the third quarter and the subsequent quarter. The bank has already come below net Non Performing Asset (NPA) threshold of 6 percent, one of the three parameters for triggering PCA framework. The net NPA of the bank reduced to below 6 percent in the second quarter ended September 2019.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
Company Name | CMP |
---|---|
HDFC Bank | 1597.45 |
ICICI Bank | 1105.10 |
Axis Bank | 1182.00 |
Indusind Bank | 1503.70 |
Kotak Mahindra Bank | 1717.00 |
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