A specialized department viz. Recovery Department, (RD) [originated from erstwhile Rehabilitation Finance Department] has been created in IDBI with a focus on aggressively resolving the Non Performing Assets (NPAs) /Fully Written Off (FWO) cases.

RD is aggressively working for settlement of NPAs/FWO cases by way of One Time Settlement (OTS), Negotiated Settlement (NS) and resolution under SARFAESI Act.

In case of potentially viable units, possibilities of revival of the units are explored either by effecting change of management and/or grant of restructuring their liabilities either through IDBI's internal mechanism and/or through BIFR/CDR route.

RD is in possession of a database relating to NPAs/FWO cases for possible buyers/investors, Banks/ FIs/ NBFCs/ Agencies etc. Industry–wise, location-wise information on sick units is also available. IDBI is open to interact with prospective buyers/investors in order to achieve resolution of the NPAs/FWO cases. There will also be regular interaction with industry associations for this purpose.

IDBI is in the process of strengthening its relationship with the reputed merchant bankers/financial intermediaries for identifying prospective buyers/investors for sale/takeover of NPAs/FWO cases.

Prospective buyers/investors are welcome to interact with Recovery Department, IDBI Ltd. For further details in their areas of interest please e-mail to tr.bajalia@idbi.co.in.