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IDBI Bank Q1 Results: Net profit zooms 62% YoY to Rs 1,224 crore; NII up 61%
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IDBI Bank on Monday reported its net profit of Rs 1,224 crore for the first quarter, up nearly 62% from Rs 756 crore in the same quarter last year. The lender's net interest income (NII) too jumped 61% to Rs 3,998 crore for the quarter under review.
It was Rs 2,488 crore in the corresponding period of last year. Operating profit for the quarter ended June surged 47% to Rs 3,019 crore, as against Rs 2,051 crore reported in the same period last year.
Provisions during the quarter, however, rose 24% year-on-year (YoY) to Rs 1,190 crore. The provisions for non-performing assets stood at Rs 581 crore.MORE TO COME...
. Read more on economictimes.indiatimes.comAbout this in other media
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