Govt makes fresh attempt to revive IDBI Bank

Reserve Bank of India last month put IDBI Bank under watch by initiating Prompt Corrective Action

Privatisation of IDBI Bank might be further delayed, with the government making a fresh attempt to revive the state-owned lender after fresh slippages were reported over the last two quarters that derailed the stake sale plan. The recovery plan includes capitalisation through non-core assets sale, hiving off subsidiaries, controlling expenses and remodelling the business.
 
The qualified institutional placement (QIP) plan was put off after the bank reported an increase in the level of non-performing assets (NPAs).
 
“Efforts are on to turn around the bank as we do not want to sell it at a throwaway price. The QIP