IDBI Bank announces scheme for one time settlement of retail NPAs

IDBI Bank has introduced the Sugam Rinn Bhugtan Yojana (SUGAM) to facilitate one-time settlement of retail NPAs up to March 31, 2021. This scheme targets borrowers with principal outstanding between Rs.0.10 crore and Rs.10 crore, offering relaxed terms for those willing to settle their dues. The scheme will end in March 2025.