IDBI Q4FY18 Loss Mounts To Rs. 5663 Cr; Gross NPA Increase 27.95%

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    The state-run IDBI Bank on Friday reported fourth quarterly loss to the tune of Rs. 5663 crore vs Rs. 3199 crore net loss posted in the same quarter a year ago.

    IDBI Q4FY18 Loss Mounts To Rs. 5663 Cr; Gross NPA Increase 27.95%

    The gross NPA at the bank has also inched higher to 27.95% in comparison to 24.72% on a sequential basis in the previous quarter ended December. On a year on year basis, the gross NPA hence increased from Rs 44752.59 crore to Rs 55,588.26 crore.

    The net interest income or NII for the bank dropped down by a huge 44% from Rs. 1,633 crore reported in the corresponding quarter a year ago to Rs. 915.4 crore in the period under review.

    There was also a rise in net NPAs from 16.02% in quarter ended December to 16.69% in the last quarter that ended in March. In q4FY17, net non-performing assets stood lower at 13.21%

    Provisions for bad loans also increase in line to Rs. 10,544.34 crore in the quarter under study as against the previous quarter wherein it came at Rs. 4655.80 crore.

    Goodreturns.in

    Read more about: idbi bank q4fy18 results
    Story first published: Friday, May 25, 2018, 16:29 [IST]
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