Live
- FII buying reaches Rs 22,765 crore in Dec as economic growth stays resilient
- National Energy Conservation Day 2024: Date, Importance, and Easy Ways to Save Energy
- Gastronomic trouble: After 'disappearing' samosas Himachal CM in row over red jungle fowl
- Meaningful dialogue a priceless jewel of democracy: Jagdeep Dhankhar
- CM Revanth Reddy Advocates for Gurukuls as Talent Development Centers
- Zepto’s expenses surge over 71 pc in FY24, losses at Rs 1,248 crore
- Tim Southee matches Chris Gayle's six-hitting record in his farewell Test
- AP Mnister Ponguru Narayana Inspects Highway Connectivity Roads to Amaravati
- Reduced inflow: Water levels in Chembarambakkam, Poondi reservoirs drop
- Slapgate haunts CM as Rohini slams Nitish following Patna DM’s action against BPSC candidate
IDBI Bank logs higher Q3 PAT at Rs 1,458.18 crore
20 Jan 2024 2:34 PM IST
Highlights
Chennai: Mortgage lender IDBI Bank closed the third quarter of FY24 with higher net profit of Rs 1,458.18 crore. In a regulatory filing on Saturday,...
Chennai: Mortgage lender IDBI Bank closed the third quarter of FY24 with higher net profit of Rs 1,458.18 crore.
In a regulatory filing on Saturday, IDBI Bank said for the quarter ended 31.12.2023 it had earned a total interest income of Rs 6,54.86 crore (Q3FY23 Rs.5,23.44 crore) and a net profit of Rs 1,458.18 crore (Rs 927.27 crore).
The profit went up owing to all round increase in its revenue streams.
During the quarter under review, the bank's provisions came down to Rs.319.85 crore (Rs.784.28 crore).
As on December 31, 2023 the bank's gross and net non-performing assets stood at Rs 8,589.40 crore (as on 31.12.2022 Rs.23,535.06 crore) and Rs 593.34 crore (Rs.1,595.63 crore).
Next Story
ADVERTISEMENT
