Plan to raise Rs 6,500 Cr capital in FY20: Rakesh Sharma, IDBI Bank
  • WebDesk BTVI
  • May 31 2019

Rakesh Sharma, MD & CEO, IDBI Bank, says for the ninth consecutive year, the company is in loss, however, there are positive developments being seen such as reducing the cost of deposits and bringing expenses under control. He also says for the next two quarters the company will experience strain, because of ageing provisions as well as Net NPA at 10.11%. The company also plans to raise capital by Rs 6,500 Cr in FY20.