Tuesday , October 19 2021

IDBI Bank’s Q2 net loss widens to Rs 3,602 crore

IDBI Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported a net loss of Rs 3,602.49 crore for the quarter under review as compared to net loss of Rs 197.84 crore for the same quarter in the previous year. Total income of the Bank decreased by 25.78% at Rs 6,162.14 crore for Q2FY19 as compared Rs 8,302.42 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 31.78%, as compared to 24.98% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 17.30% in Q2FY19.

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