Government asks SBI to buy troubled assets of IDBI Bank, says report
Updated : May 28, 2018 11:48 AM IST
IDBI Bank is willing to take haircuts, on the sales of the loans, of only around 20-50%. Given the quality of the assets, the SBI management believes the discounts need to be much higher, somewhere in the region of 70-85%.
The government owns 80.96% stake in IDBI Ban and has been trying to take the load off for some time, but in vain.
Notable loans up for sale include IDBI Bank’s loans to Air India, GMR Hyderabad Vijayawada Expressways, KSK Mahanadi Power and a clutch of power projects