IDBI Bank has reported results for second quarter ended September 30, 2016.
The Bank has reported 53.54% fall in its net profit at Rs 55.52 crore for the quarter under review as compared to Rs 119.5 crore for the same quarter in the previous year. Total income of the Bank increased by 5.98% at Rs 8387.20 crore for the quarter under review as compared Rs 7913.64 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 13.05%, as compared to 6.92% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 8.32% in Q2FY17.
