IDBI Bank has reported results for third quarter ended December 31, 2016.
The Bank has posted a net loss of Rs 2254.96 crore for the quarter, as compared to a net loss of Rs 2183.68 crore for the quarter ended December 31, 2015. Total income of the Bank decreased by 3.50% at Rs 7104.21 crore for Q3FY17 as compared Rs 7361.86 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 15.16%, as compared to 8.94% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.61% in Q3FY17.
