IDBI Bank Q2 results: PAT soars 60% YoY to Rs 1,323.3 crore, NII up 12%

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Key Points

MUMBAI - IDBI Bank Ltd on Saturday reported a 60% year-on-year (YoY) rise in net profit for the quarter ended September to Rs 1,323.27.

Net interest income, the difference between interest earned and interest expended, rose 12% on year to Rs 3,066.49 crore...

Gross non-performing assets ratio of the lender as of September 30 was 4.90%, sharply down from 16.51% a year ago, and 5.05% a quarter ago...

The capital adequacy ratio under Basel-III norms stood at 21.26% as of September end, compared to 20.33% a quarter ago..

Operating expenses for the quarter was Rs 1,884.2 crore, compared to Rs 1,618 crore a year ago..

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