Reuters logo
BRIEF-India's IDBI bank exec: sees FY16 credit growth at 9 percent
February 12, 2016 / 11:18 AM / 2 years ago

BRIEF-India's IDBI bank exec: sees FY16 credit growth at 9 percent

Feb 12 (Reuters) - India’s IDBI Bank

* Exec says added 58.39 billion rupees of bad loans in Q3

* Exec says sees more bad loans in the current quarter

* Exec says there is room for strategic investor if government wants

* Exec says not a good time to sell shares at current price

* Exec says can raise $500 million to $1 billion from planned non-core asset sales

* Exec says should be done with RBI directed clean up by Q4

* Exec says there could be some restructured cases which will be provisioned for in next 4 qtrs

* Exec says sees FY16 credit growth at 9 percent Further company coverage: (Reporting By Devidutta Tripathy in MUMBAI)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below