India's IDBI Bank looks to pare bad debt by selling $1.4b of loans

India's IDBI Bank looks to pare bad debt by selling $1.4b of loans

Photograph: Sanjit Das/Bloomberg via Getty Images

IDBI Bank Ltd., the lender with India’s worst-bad loan ratio, is seeking to curtail its soured debt by selling 100 billion rupees ($1.4 billion) of stressed assets and stepping up efforts to recover dues from delinquent borrowers.

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