Rewarding failure? IDBI Bank to get Rs 9,300 crore from govt, LIC

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