State-owned IDBI Bank on Thursday said that retail slippages are expected to bounce back over the next few quarter.

In an interview to CNBC-TV18, B Sriram, managing director and chief executive officer, said, "IDBI Bank is already looking at transaction with LIC to infuse significant money for controlling stake. But otherwise, capital requirement is based on credit cost."

Sriram said the intention of the bank is to reduce non-performing assets (NPAs) and one is positive that with infusion of capital and the resolutions that are in the offing, the bank should be much better in terms of NPAs.

IDBI Bank posted its 7th consecutive quarter of net loss and has recorded gross NPAs above 30 percent.

The year-on-year net loss for the quarter was at Rs 2,409.9 crore against Rs 853 crore, but net interest income was up 16.9 percent at Rs 1,638.6 crore against Rs 1,401.9 crore.

The slippages in Q1 were at Rs 7,800 crore for the bank, out of which Rs 7,000 crore were from corporate accounts and Rs 700-800 crore were from retail.

First Published:Aug 16, 2018 5:42 PM IST