IDBI Bank has reported results for third quarter ended December 31, 2018.
The Bank has reported a net loss of Rs 4185.48 crore for the quarter under review as compared to the net loss of Rs 1524.31 crore for the same quarter in the previous year. Total income of the Bank decreased by 13.10% at Rs 6191.94 crore for Q3FY19 as compared Rs 7125.20 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 29.67%, as compared to 24.72% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 14.01% in Q3FY19.
