https://www.taxtmi.com/news?id=21932 Cabinet approved a one time government capital infusion into IDBI Bank via a cash neutral recap bond arrangement-Government infuses capital and the bank buys the recap bond the same day-to complete legacy asset remediation, strengthen capital, enable resumption of normal lending and profitability, and facilitate eventual recovery of the investment while helping the bank exit the Prompt Corrective Action framework and raise further capital. en-us Tue, 03 Sep 2019 16:04:31 +0530 Tue, 03 Sep 2019 16:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21932 Cabinet approved a one time government capital infusion into IDBI Bank via a cash neutral recap bond arrangement-Government infuses capital and the bank buys the recap bond the same day-to complete legacy asset remediation, strengthen capital, enable resumption of normal lending and profitability, and facilitate eventual recovery of the investment while helping the bank exit the Prompt Corrective Action framework and raise further capital. News - Tue, 03 Sep 2019 16:04:31 +0530 https://www.taxtmi.com/news?id=21932