Friday, July 30, 2021

Turnaround is on, we'll have even better results in the coming quarters, says IDBI Bank CEO

"Basically, we have been able to recover almost 140% of the principal and still some more recoveries are expected. We have provided for our NPAs and the provision coverage ratio is 97% so similarly when some other recoveries come we can expect similar results in future, probably even better ones," says Sharma of the Kingfisher situation.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/turnaround-is-on-well-have-better-results-in-the-coming-quarters-says-idbi-bank-ceo/articleshow/84886123.cms

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