Breaking: IDBI Bank Q2 Results: Profit falls 39% YoY to Rs 2,205 crore, NII rises 29%


idbi bank q2 results profit falls 39 yoy to rs 2205 crore nii rises 29

IDBI Bank reported a 39% year-on-year decline in standalone profit to Rs 2,205 crore in Q2, compared with Rs 3,627 crore, while net interest income (NII) rose 29% YoY to Rs 4,228 crore from Rs 3,285 crore. Operating profit declined 17.9% to Rs 2,892 crore from Rs 3,522 crore. Gross NPA improved to 2.12% from 2.30% QoQ, while net NPA rose to 0.17% from 0.16%. In absolute terms, gross NPA declined to Rs 5,859 crore from Rs 6,089 crore QoQ, while net NPA increased to Rs 460 crore from Rs 425 crore.

This is a developing story, follow this space for more updates.



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