IDBI Bank on October 25 reported a 38.78 percent jump in standalone net profit at Rs 1,836.45 crore in the second quarter of the current financial year, compared to Rs 1,323.27 crore in the year-ago period, the lender said in an exchange filing.
In the June quarter, the bank posted a net profit of Rs 1,719.27 crore, the filing showed.
The lender posted a total income of Rs 8,754.54 crore in the reported quarter, higher by 26.43 percent over Rs 6,924.18 crore registered in the year-ago period. The total income stood at Rs 7,471.25 crore in the first quarter of FY25.
The shares of the bank were trading 1.03 percent higher at Rs 82.15 on NSE at 15:06 pm.
The net interest income was at Rs 3,875 crore, recording a year-on-year growth of 26 percent, while the net interest margin is at 4.87 percent, rising 54 bps, a company statement said.
Key highlights
-Gross NPA down to 3.68 percent, YoY reduction by 122 bps
-Net NPA down to 0.2 percent, YoY reduction by 19 bps
-CRAR stood at 21.98 percent, improved by 72 bps YoY
-CASA stood at Rs.1,33,639 crore, YoY growth of 4 percent
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