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Idbi Makes Rs 2,500 Crore Provision

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BUSINESS STANDARD

Industrial Development Bank of India (IDBI) has followed in the footsteps of ICICI in that it has made an accelerated provisioning of Rs 2,500 crore for the year ended March 31, bringing down its level of non-performing assets (NPAs) to less than 12 per cent of its total assets.

The institution has made a total provisioning of Rs 3,273 crore, which includes a

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First Published: Jun 01 2002 | 12:00 AM IST

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