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Par Panel asks FM to work out turnaround plan for IDBI bank

Par Panel asks FM to work out turnaround plan for IDBI bank

Tuesday, March 21, 2017, 10:16 AM

A Parliamentary Panel has asked the Finance Ministry to work out a ‘transformational plan’ for IDBI Bank, which is facing mounting bad loans, in such a manner that it does not surpass the ‘point of recoverability’. “Department of Financial Services should effectively liaise with the IDBI Bank, for formulating a Transformational Plan with a target of putting the stressed projects back on track.
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