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IDBI Bank crafts turnaround strategy to shore up capital
Source: IRIS | 25 May, 2017, 01.43PM
Rating: NAN / 5 stars.
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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.

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