IDBI Bank Ltd (IDBI.NS)
24 Jun 2016
Fri, May 20 2016
MUMBAI, May 20 India's state-run IDBI Bank Ltd said it expected a reduction in bad loans this financial year as the economy improves and as the bank steps up recovery efforts, after a surge in sour debt led it to post a $258 million quarterly loss.
MUMBAI IDBI Bank aims to double lending and deposits and slash back its stock of non-performing loans, it said on Tuesday in announcing a new three-year strategic business plan.
* Says waiting for better valuations to sell shares (Adds details from news conference)
MUMBAI, March 1 India's IDBI Bank Ltd has set an aggressive three-year target of doubling its business and sharply reducing bad assets, the lender said, a day after the Indian government said it would consider ceding control of the state-run bank through a share sale.
* Exec says there is room for strategic investor if government wants
* India's idbi bank says has mobilised 9 billion rupees through issue of basel iii compliant tier 2 bonds on pvt placement basis Source text for Eikon: Further company coverage: