|Bid||58.75 x 0|
|Ask||58.80 x 0|
|Day's Range||58.40 - 59.55|
|52 Week Range||50.20 - 86.40|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||49.00|
India's state-run IDBI Bank Ltd is betting on slowing the pace of additional bad loans, improving operating profit and selling non-core assets to help turn around its fortunes after reporting its fourth-straight quarterly loss on Tuesday. At the end of its second quarter to the end of September, IDBI's gross non-performing loan ratio reached 25 percent, the highest among all Indian banks, with loan-loss provisions in the quarter rising 39 percent from a year earlier. To aid a turnaround, the bank also aims to raise 50 billion rupees ($773 million) by March from the sale of non-core assets.
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Seventeen lenders could follow IDBI Bank Ltd. in facing Reserve Bank of India’s restrictions on paying dividends and may be asked by the regulator to raise more capital after a surge in soured debt led ...