IDBI Bank Q4 earnings: The banking stock rose 4.25% to Rs 93.21 on Monday against the previous close of Rs 89.41 on BSE. Market cap of the lender stood at Rs 97,879 crore
IDBI Bank Q3 Results: Net interest income, the difference between interest earned and interest expended, rose 17.4% YoY in the quarter to Rs 3,434.60 crore.
IDBI Bank s provisions and contingencies for the quarter were at Rs 320 crore, compared to Rs 784.3 crore a year ago. The bank had a reversal of provision towards non-performing assets to the tune of Rs 446 crore during the quarter. The pre-provision operating profit increased by over 13% YoY to Rs 2,326.50 crore.
IDBI Bank released its Q3FY24 numbers today, reporting a 57.3% YoY improvement in its standalone net profit to ₹1,458 crore. The pre-provision operating profit (PPOP) of the bank reached ₹2,326 crore for the December 2023 quarter.