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On August 27, S&P Global Ratings placed IDBI Bank’s ‘BB/B’ ratings on “credit-watch negative” after regulatory capital breach. The bank’s capital to risk weighted assets ratio (CRAR) had slipped to 8.14% (regulatory requirement is 9%) as on June 30, 2019, from 11.58% on March 31, 2019.
from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2UsoAvt
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