IDBI Bank has reported results for third quarter ended December 31, 2021.
The Bank has reported a rise of 52.81% in its net profit at Rs 578.25 crore for the quarter under review as compared to Rs 378.42 crore for the same quarter in the previous year. However, total income of the bank decreased by 3.85% at Rs 5772.86 crore for Q3FY22 as compared Rs 6003.91 crore for the corresponding quarter previous year.
On the consolidated basis, the Bank has reported a rise of 51% in its net profit before minority interest and share of loss in associate at Rs 602.74 crore for the quarter under review as compared to Rs 399.15 crore for the same quarter in the previous year. However, total income of the bank decreased by 3.65% at Rs 5838.73 crore for Q3FY22 as compared Rs 6059.51 crore for the corresponding quarter previous year.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
