S&P gives IDBI Bank of downgrade deadline

With bad loans at over 30 per cent of assets, IDBI Bank is one of the weakest lenders to be rated by S&P given its standalone credit profile of B-. The bank has reported a loss of Rs 8,100 crore in FY18 and Rs 2,410 crore in first quarter of FY19.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2vWy7j2

• Tweet
• Share
• Share
• Share
• Share