The company's gross NPA was up 160 bps to 29.1 percent against 27.5 percent, while net NPA decreased 210 bps to 8 percent against 10.1 percent, QoQ
IDBI Bank has posted net loss of Rs 3,800 crore in the quarter ended June 2019.
The company had recorded a loss of Rs 2,410 crore in the year-ago period.
The net interest income (NII) of the company was down 11.1 percent at Rs 1,458 crore against Rs 1,639 crore.
The company's gross NPA was up 160 bps to 29.1 percent against 27.5 percent, while net NPA decreased 210 bps to 8 percent against 10.1 percent, QoQ.
In the absolute term the net NPA was down 26 percent to Rs 10,963 crore versus Rs 14,837 crore and gross NPA was up to Rs 51,657 crore against Rs 50,028 crore, QoQ.
Provisions for the June quarter was down to Rs 6,332 crore against Rs 8,532.78 crore, QoQ, while it increased from Rs 5235.96 crore YoY.IDBI Bank ended at Rs 27.35, up Rs 0.55, or 2.05 percent on the BSE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.