IDBI Bank Q1 PAT at Rs 1,224 crore

Chennai: Private sector IDBI Bank Ltd Monday said it closed Q1FY24 with a higher net profit of Rs 1,224.18 crore.

In a regulatory filing, IDBI Bank said it closed Q1FY24 with a total income of Rs 7,711.95 crore (against Q1FY23’s Rs 5,774.11 crore) and a net profit of Rs1,224.18 crore (Rs 756.36 crore).

Also Read

Stock markets rally as oil prices decline amid progress in US-Iran talks; Sensex jumps 940 pts

19 hours ago

China calls on Iran to reopen Strait of Hormuz ‘as soon as possible’

19 hours ago

During the period under review, the bank had made provisions of Rs 1,190.43 crore (Rs 959.23 crore) of which provision for non-performing assets were Rs 581.35 crore (Rs 110.03 crore).

As of June 30, 2023, IDBI Bank’s gross non-performing assets (GNPA) stood at Rs  8,762.51 crore crore (against Rs 33,908.32 crore June 30, 2022) and the net NPA at Rs 730.60 crore (against Rs 1,741.24 crore).

IANS