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IDBI says near Rs. 2000 crore exposure to companies affected by Coal ruling

State-run lender IDBI Bank Ltd has close to Rs. 2000 crore ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender’s head said on Wednesday.

“We are assessing,” M.S. Raghavan, chairman and managing director of IDBI Bank, told after the Supreme Court’s verdict.

IDBI Bank shares were down 5.3 per cent by 0924 GMT compared to a flat performance in Nifty. The Bank Nifty fell about 1 per cent.

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