The IDBI Bank has crafted a comprehensive strategy with a focus on augmenting the capital base and recovery from NPAs.
Mahesh Kumar Jain, MD & CEO, IDBI Bank has said that they are looking at all avenues to improve capital position and bring the bank on the recovery track.
The bank will look at aggressive recovery and cost cutting measures and plan on churning corporate book and risk weighted assets which should also ease the pressure on capital.
“Strategically, the bank is focused on retailing its business spectrum comprising improvement in its client base, augmenting PSl, other small value loans and structured asset portfolio. With an improved diversification of portfolio, the Bank plans to ensure conservation of capital, ” said Ajay Sharma, field chief general manager and zonal head, Bhubaneswar. He further mentions to scale up service standard in each facet of its product offers and customer services.
The Bank has zonal office set up at Bhubaneswar which is looking after the state of Odisha, Jharkhand and Chhattisgarh, through a network of 193 branches, six Regional Offices and seven Retail Asset Centres. The bank will look at reducing its operational cost and sell non-core assets over a period of time.
The exact schedule and quantum of such a sale will depend on market condition.