IDBI Bank Back In Black | IDBI Bank to ET NOW
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Liquidity, not a concern, recovery depends on demand. Cash flows have been impacted, but RBI & Govt measures will help banks contain NPA. We have overachieved as far as recovery is concerned, lockdown prohibited a better outcome. Will explore capital raise to strengthen balance sheet, maybe QIP and/or Rights issue. Recoveries will continue this year, depending on the outcome of 2 large accounts in NCLT, says Rakesh Sharma of IDBI Bank. As the banking sector adjusts to unlock 1.0 & moratorium 2.0, we at ET NOW caught up with IDBI bank MD to get a flavour of what’s in store regarding asset quality, government schemes, and fundraising in the near future. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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