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Tuesday, Sep 17, 2019

IDBI says has near $328 mn exposure to cos hit by coal ruling

Indian state-run lender IDBI Bank Ltd has close to Rs 20 billion ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday.

business Updated: Sep 24, 2014 16:41 IST

Reuters
Hindustantimes
         

Indian state-run lender IDBI Bank Ltd has close to Rs 20 billion ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday.

"We are assessing," M.S. Raghavan, chairman and managing director of IDBI Bank, told Reuters after the Supreme Court's verdict.

IDBI Bank shares were down 5.3% by 0924 GMT compared to a flat performance in the NSE index. The banking sector index fell about 1%.

($1 = 60.9650 rupees)

First Published: Sep 24, 2014 15:06 IST