trending Market Intelligence /marketintelligence/en/news-insights/trending/TK5izr1u5kkyK6zo5Igscw2 content esgSubNav
In This List

India central bank places IDBI Bank under prompt corrective action

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration


India central bank places IDBI Bank under prompt corrective action

India's central bank has placed IDBI Bank Ltd. under a prompt correction action as a result of its high nonperforming asset level and negative return on assets.

The corrective action will aim to improve the bank's performance and its activities.

IDBI Bank said May 9 that the Reserve Bank of India's action will not have any material impact on its performance.