Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Banking & Finance InFocus

IDBI Bank's Net Profit of Q3FY22 Shows 53% Growth

"'Net Interest Margin' (NIM) improved by 101 bps to 3.88 per cent for Q3-2022 as compared to 2.87 per cent for Q3-2021," the bank said in its results statement.

author-image
SMEStreet Edit Desk
22 Jan 2022 05:13 IST

Follow Us

New Update
Rakesh Sharma , IDBI Bank

IDBI Bank on reported a rise of 53 per cent in its net profit for Q3FY22 on a year-on-year basis, at Rs 578 crore as against Rs 378 crore reported for Q3FY21.

Besides, the bank's net interest income improved by 31 per cent for Q3FY22 to Rs 2,383 crore as against Rs 1,817 crore for Q32021.

"'Net Interest Margin' (NIM) improved by 101 bps to 3.88 per cent for Q3-2022 as compared to 2.87 per cent for Q3-2021," the bank said in its results statement.

According to the lender, the gross NPA ratio improved to 20.56 per cent as on December 31, 2021 as against 23.52 per cent as on December 31, 2020. The Gross NPA stood at 21.85 per cent as on September 30, 2021.

"Net NPA ratio improved to 1.70 per cent as on December 31, 2021 as against 1.94 per cent as on December 31, 2020 and 1.71 per cent as on September 30, 2021.

"Recovery from write off accounts increased to Rs 308 crore in Q3-2022 as against Rs 105 crore in Q3-2021. Recovery from write off account was Rs 137 crore in Q2-2022."

In addition, the bank pointed out that as on December 31, 2021, the bank had Covid-19 related provisions of Rs 863 crore (other than provisions held for restructuring under Covid-19 norms).

Top News IDBI Bank COVID 19 Rakesh Sharma
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!