India: IDBI Bank seeks to sell $776m of non-core assets

India: IDBI Bank seeks to sell $776m of non-core assets

Photo: Pradeep Gaur/Mint

IDBI Bank Ltd said on Friday that it would sell Rs5,000 crore of non-core assets this fiscal year as it seeks to reinforce capital, less than a month after the central bank invoked its so-called prompt corrective action because of its rising bad loans and negative return on assets.

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