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.

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.

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"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)