Key Points
MUMBAI - IDBI Bank Ltd on Saturday reported a sharp 57.3% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 1,458.20 crore...
Net interest income, the difference between interest earned and interest expended, rose 17.4% YoY in the quarter to Rs 3,434.60 crore...
Provisions in the quarter declined significantly, which aided the growth in the bottomline...
Similarly, the net non-performing assets ratio came down to 0.34% as of December end, from 1.08% a year ago, and 0.39% a quarter ago...
For the nine months ended December, the lenders net profit rose nearly 60% YoY to Rs 4,006 crore, and net interest income grew 29% to Rs 10,499 crore...
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