IDBI Bank bad-loans ratio at a high of 24.1%

Tue, Aug 15 2017, 01:46 PM

When it declared its first-quarter results on Monday, IDBI Bank took over from Indian Overseas Bank the dubious position of having the highest bad loan ratio, of 24.1%. Over the last nine quarters, IDBI Bank, which has an exposure to 11 of the 12 companies identified by the central bank for early solvency proceedings, has seen its non-performing assets (NPAs) as a % of gross assets rocket 3.6 times