IDBI Bank Results

Most Indian banks have managed to improve their asset quality helped by a clean-up of balance sheet, write-offs and recoveries, and by ensuring that new slippages remained in check

This comes ahead of the December 16 deadline for potential bidders to submit EoIs for picking up majority stake in the private sector lender

Profits would have been higher if not for aggressive provisioning: IDBI Bank CEO

For FY22, the net profit rose 79 per cent to Rs 2,439 crore from Rs 1,359 crore in the previous financial year

Net interest income up 30% YoY to Rs 2,2383 cr

The net NPAs improved to 1.97% as on March 2021 from 4.19% in March 2020. NNPA stood at 2.75% (on proforma basis) in Dec 2020.

The implementation of lockdown and extensions has resulted in disruptions of business and common life, the lender said in a filing to the exchanges

Tier 1 capital and CRAR stood at 9.52 percent and 11.98 percent, respectively

The bank had registered a loss of Rs 2,409.89 crore in the year-ago period.

Amid higher non-performing asset provisioning in Q1, the bank posted a loss of Rs 24.1 billion

Gross bad loans rose to 21.25% from 15.16% at year-ago period