IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit

Though setting off losses against the balance in securities premium accounts will help IDBI Banks capital raising plans, the lender will wait to exit from Prompt Corrective Action (PCA) regime and profitable fourth quarter to issue tier-I bonds. The lender is in a better shape and the current capital base is adequate and could support growth in the next financial year, bank executives said.

Mar 02, 2021 11:03 IST Source : Business Standard

IDBI Bank
Though setting off losses against the balance in securities premium accounts will help IDBI Banks capital raising plans, the lender will wait to exit from Prompt Corrective Action (PCA) regime and profitable fourth quarter to issue tier-I bonds. The lender is in a better shape and the current capital base is adequate and could support growth in the next financial year, bank executives said.

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