IDBI Bank holds Rs 11,520-cr diferrred tax assets

New Delhi: The government has informed the prospective asset valuers of IDBI Bank that the lender has deferred tax assets of Rs11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai.

In response to the pre-bid queries from prospective asset valuers of IDBI Bank, the Department of Investment and Public Asset Management (DIPAM) said the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad.