IDBI Bank net up 31 pc to Rs 1,908 crore in Q3
20-Jan-2025 05:35 PM 1232
New Delhi, Jan 20 (Reporter) The LIC-controlled IDBI Bank on Monday reported 31 per cent jump in net profit at Rs 1,908 crore year-on-year basis for the third quarter (October-December) of current financial year 2024-25 versus Rs 1,458 crore in the same quarter of previous financial year. The bank's interest income grew 19 per cent to Rs 7,816 crore during October-December quarter up from Rs 6,541 crore a year ago, the Bank said in a statement after the Board meeting which approved the financial result for the third quarter. The net interest income improved to Rs 4,228 crore as against Rs 3,435 crore in Q3 of FY24, showing a growth of 23 per cent. The gross non-performing asset (NPA) ratio improved to 3.57 per cent as on December 31, 2024, as against 4.69 per cent as on December 31, 2023. Similarly, the net NPA also declined to 0.18 per cent, as compared to 0.34 per cent at the end of December 2023. During the quarter, the bank's capital adequacy ratio rose to 21.98 per cent, as compared to 20.32 per cent at the end of December 2023. The board also approved the proposal for the sale of IDBI Bank's entire holding of 8,54,000 having face value of Rs 100 per share constituting 21.14 per cent shareholding in Pondicherry Industrial Promotion Development and Investment Corporation Ltd (PIPDIC), an associate company of the bank...////...
© 2025 - All Rights Reserved - timespage | Hosted by SysNano Infotech | Version Yellow Loop 24.12.01 | Structured Data Test | ^