trending Market Intelligence /marketintelligence/en/news-insights/trending/xCEC1zJP5eEY4SFkAAMN_g2 content
Log in to other products

Login to Market Intelligence Platform

 /

Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

IDBI Bank to sell noncore assets worth 50B rupees

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


IDBI Bank to sell noncore assets worth 50B rupees

IDBI Bank Ltd. CEO Mahesh Kumar Jain said the lender plans to sell noncore assets worth 50 billion Indian rupees during the 2017-2018 fiscal year to rejuvenate its capital, DealStreetAsia reported June 3.

The move comes in light of the bank facing prompt corrective action from the central bank due to negative return on assets and an increase in nonperforming assets. Much of the bank's net nonperforming assets are attributable to corporate clients.

A committee has been formed for the purpose of working out the valuations of the assets, Jain added.

In May, the Indian bank was downgraded by Moody's on its deteriorating asset quality and weak capitalization. IDBI Bank then implementated a turnaround strategy, including the sale of noncore assets and cutting operational costs.

As of June 2, US$1 was equivalent to 64.26 Indian rupees.