IDBI reports Rs 3,602 cr loss, LIC to pump in Rs 20k cr

Announcing the results the bank’s CEO Rakesh Kumar said that Life Insurance Corporation (LIC) is set to infuse Rs 20,000 crore into the bank, which will immediately improve the bank’s capital adequacy ratio to 16% from 6.22% at present, but might drop after next quarter’s results.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PVGWVK

Newer Post Older Post