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IDBI Bank reports 32% rise in Q2 consolidated net profit

25 Oct 2022 Evaluate

IDBI Bank has reported results for second quarter ended September 30, 2022.

The bank has reported rise of 46.02% in its net profit at Rs 828.09 crore for Q2FY23 as compared to Rs 567.12 crore for the corresponding quarter previous year. Total income of the bank increased by 18.24% to Rs 6065.51 crore for the quarter under review as compared to Rs 5129.92 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 32.38% in its net profit at Rs 767.49 crore for the quarter under review as compared to Rs 579.76 crore for the same quarter in the previous year. Total income of the bank increased by 16.65% to Rs 6052.23 crore for the quarter under review as compared to Rs 5188.48 crore for the same quarter in the previous year.

Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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