IDBI Bank to set off Rs 45,586-cr accumulated losses against balance in securities premium account

The accumulated losses as at March 31, 2021, shall be ascertained after the audited financial statements are approved by the bank's board, said the lender, as per the draft scheme addressed to its shareholders for setting off the accumulated losses.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dVmOyD