ANI
23 Jan 2023, 20:03 GMT+10
Mumbai (Maharashtra) [India], January 23 (ANI): IDBI Bank on Monday posted an increase of 60 per cent in profit after tax to Rs 927 crore for the quarter ended December, against Rs 578 crore in the corresponding quarter the previous year.
The Bank's interest income went up 13 per cent to Rs 5,231 crore, against Rs 4,624 crore in the year-ago period. Non-interest income declined 25 per cent to Rs 857 crore against Rs 1,138 crore in the year-ago period. Net interest income went up 23 per cent to Rs 2,925 crore against Rs 2,383 crore in the year-ago period while operating profit rose 16 per cent to Rs 2,051 crore against Rs 1,768 crore in the year-ago period.
The Mumbai-headquartered bank said, "CASA (current account savings account) increased to Rs 1,26,663 crore as on December 31, 2022, as against Rs 1,21,732 as on December 31, 2021 (year-on-year growth of 4 per cent). CASA stood at Rs 1,29,407 crore as on September 30, 2022."Net advances grew by 17 per cent to Rs 1,48,213 crore as on December 31, 2022 as against Rs 1,26,372 as on December 31, 2021, according to a bank statement released on Monday.
Gross NPA ratio improved to 13.82 per cent as on December 31, 2022 as against 21.68 per cent as on December 31, 2021. "Gross NPA stood at 16.51 per cent as on September 30, 2022," the bank said in a statement shared with exchanges on Monday.
IDBI Bank's equity shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India. As of September 2021, the Union government held 45.48 per cent shares in IDBI Bank, while LIC held 49.24 per cent and the remaining is held by non-promoters.
The shares of the bank were trading at Rs 54.90 apiece, a surge of 0.46 per cent over the previous close, according to BSE. (ANI)
Get a daily dose of India Gazette news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.
More InformationJERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...
WASHINGTON D.C.: The Wall Street Journal has reported that e-cigarette maker Juul and three tobacco giants are negotiating potential sale, ...
AUSTIN, Texas: Tesla gas announced an investment of more than $3.6 billion to expand its Nevada Gigafactory complex with the ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
New Delhi [India], January 31 (ANI): Underlining the role of political stability in the country's development, President Droupadi Murmu on ...
New Delhi [India], January 31 (ANI): In her first address to Parliament as President, Draupadi Murmu on Tuesday expressed her ...
New Delhi [India], January 31 (ANI): India has entered Amrit Kaal completing its 75 years of Independence and in this ...
New Delhi [India], January 31 (ANI): External Affairs Minister S Jaishnakar on Tuesday met visiting US Under Secretary of State ...
New Delhi [India], January 31 (ANI): The Law and Justice Ministry has constituted a working committee for the drafting of ...