IDBI Bank crafts turnaround strategy to shore up capital
Source: IRIS | 25 May, 2017, 01.43PM
|
|
|
|
Rating: NAN / 5 stars. |
Comments | Post Comment |
|
The bank is also planning to raise additional capital in the medium term. It has received a capital infusion of Rs 19 billion through the Government of India's subscription to its preferential share allotment earlier this year, which enhanced its Common Equity Tier 1 Capital. Furthermore, Life Insurance Corporation of India has also subscribed to the Bank’s preferential equity issue. Additionally, CAR would be improved through sale of non-core assets, continued GoI support and churning of corporate loan book to reduce risk weight of the portfolio.
|
|
|
|
|
|
|
|
|
|
|
|