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Tag Archives: Core Banking

ICRA downgrades rating of IDBI Bank’s debt instruments

Credit rating agency ICRA has downgraded various debt instruments of state-run IDBI Bank on the back of weak profitability and deteriorating asset quality, which have resulted in erosion of its capital. The agency has also kept the lender’s ratings under watch with negative implications. The rating downgrade takes into account ... Read More »

IDBI Bank to approach NCLT to recover bad loans: Report

IDBI Bank is reportedly planning to approach National Company Law Tribunal (NCLT) to recover bad loans worth Rs 100 crore from a company. A bank can file a case in NCLT to recover debt under Insolvency and Bankruptcy Code. The bank’s total NPLs are worth Rs 20,949 crore. Under the ... Read More »