TP Rs 95-105 March Expiry

*Worst Behind: Can regain past Glory*

IDBI Bank Ltd:

_Once stake sale is done to IFC ( arm of World Bank), many triggers wait for IDBI_

(1) IDBI has been suffering mainly due high NPAs, particularly by getting stuck in few LARGE accounts.
Bank has massive exposure of *3000 cr to Haldia petro  and 2000 cr to Dhabol Power ( now Ratnagiri power)*  These NPA accounts may turn as Standard Assets in 1-2 quarters as RECOVERY from these 2 accounts has started. _Partial impact of same will be reflected in March17 quarter_

*Big improvement in NPA reduction in FY18, mainly due to Haldia and Dhabol*

(2) Further bank holds *massive* investments in
NSE
SIDBI
ARCIL
NSDL
Stock Holding
Gradual sale of these stakes will be undertaken to raise resources

Bank with bad past but possibility of glorious future