S&P warns IDBI Bank of downgrade if LIC money does not come in three months

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.

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