How do you see the latest IDBI Bank results and that is the status of divestment of LIC and IDBI stake by the government?

Let me talk about the IDBI Bank results first. IDBI Bank reported net profits of Rs.135 crore in the fourth quarter of FY20. This comes after 13 consecutive quarters of losses. The net loss for the full year reduced sharply on a YOY basis to Rs.12,887 crore. This is despite the Rs.247 crore provision made by IDBI Bank in the Mar-20 quarter. However, the gross NPAs at around 27% still remain at an extremely elevated level. During the fiscal year FY20, IDBI Bank raised Rs.745 crore through the issue of Tier-2 bonds. In September 2019, the government approved Rs.9300 crore capital infusion into IDBI Bank of which Rs.4743 crore was brought in by parent company, LIC, and the balance by the government. The government currently owns 100% in LIC and 46% in IDBI Bank. IDBI Bank is already a subsidiary of LIC. In the latest budget 2020, the government had proposed to raise close to Rs.90,000 crore through its divestment of stakes in LIC and IDBI Bank. However, in the current market conditions, it does look tough to be able to absorb an issue of that size.