IDBI Bank Ltd, quarantined in the correctional facility of the Reserve Bank of India (RBI) which restricts its ability to lend, is about to start corporate lending in a limited way to its existing customers with high credit ratings. Till now, its ability to lend is capped at Rs 5 crore per customer.
In the June quarter, it announced successive 11th quarter loss — Rs 3,801 crore. From December 2015 when all Indian banks were forced to clean up their balance sheets till June 2019, it has made losses every quarter barring two — overall a record Rs 35,977 crore in
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