IDBI Bank to cap corporate exposure to Rs 500 crore: Here're the details

Topics IDBI Bank | corporate | PCA rules

With the exit from Prompt Corrective Action (PCA) framework, IDBI Bank is looking to disburse about Rs 4,500-5,000 crore to corporates, predominantly mid-sized manufacturing units, in the current financial year (FY22).   The focus will be on sectors such as steel, cement, pharma, and chemicals.   The bank will cap the exposure limit of one entity at about Rs 500 crore to avoid chunky exposures. It, however, may look at large exposure only for high-rated public sector units, the bank’s executives said.   Rakesh Sharma, managing director and chief executive of IDBI Ban.....

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