IDBI Bank likely to be out of PCA framework in fourth quarter

With money coming from resolution on Essar Steel and expected flow from resolution of Bhushan Power and Steel and Alok Industries, sources said the bank is likely to be posting profit during the third quarter and the subsequent quarter. The bank has already come below net NPA threshold of 6% one of the three parameters for triggering PCA framework.

from Banking/Finance-Industry-Economic Times https://ift.tt/2SnQb1w