IDBI Bank may face capital shortfall in the current fiscal says CEO Sriram

State-run lender IDBI Bank, which is set to be taken over by the Life Insurance Corporation of India, may face a capital shortfall in the current financial year, its chief executive officer and managing director B. Sriram said in an address to the employees. “While we have met the capital requirements for 2017-18, we are confronted with the possibility of shortfall in capital requirements in 2018-19,” he said in a communication, which has been reviewed by The Hindu . He made the comments while announcing the wage revision for the employees for November 2012 to October 2017, which has been approved by the government.

Source : https://www.thehindu.com/todays-paper/tp-business/idbi-bank-may-face-capital-shortfall-in-the-current-fiscal-says-ceo-sriram/article24699609.ece

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