IDBI Bank has reported results for first quarter ended June 30, 2018.
The Bank has reported net loss of Rs 2,409.89 crore for the quarter under review as against net loss of Rs 853.01 crore for the same quarter in the previous year. Total income of the Bank decreased by 4.40% at Rs 6,402.50 crore for Q1FY19 as compared Rs 6,697.14 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 30.78%, as compared to 24.11% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 18.76% in Q1FY19.
