Turnaround is on, we'll have even better results in the coming quarters, says IDBI Bank CEO

"Basically, we have been able to recover almost 140% of the principal and still some more recoveries are expected. We have provided for our NPAs and the provision coverage ratio is 97% so similarly when some other recoveries come we can expect similar results in future, probably even better ones," says Sharma of the Kingfisher situation.

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