IDBI Bank s gross non-performing assets as a percentage of total advances came in at 22.37%.
Shares of the state-run lender IDBI Bank rose as much as 5 per cent to hit an intraday high of Rs 37.10 on the BSE after it reported March quarter earnings. IDBI Bank s net profit more than tripled to Rs 512 crore compared with Rs 135.39 crore during the same period last year. Massive jump in IDBI Bank s profit came on account of negative provisions worth Rs 1,119.65 crore for non-performing assets and improvement in operating profit, majorly driven by increase in non-interest income, the bank said in an investor presentation.