24/07/2023 5:05:12 PM | Source: IANS
IDBI Bank Q1 PAT at Rs 1,224 crore
Private sector IDBI Bank Ltd on Monday said it closed Q1FY24 with a higher net profit of Rs 1,224.18 crore.
In a regulatory filing, IDBI Bank said it closed Q1FY24 with a total income of Rs 7,711.95 crore (against Q1FY23's Rs 5,774.11 crore) and a net profit of Rs1,224.18 crore (Rs 756.36 crore).
During the period under review, the bank had made provisions of Rs 1,190.43 crore (Rs 959.23 crore) of which provision for non-performing assets were Rs 581.35 crore (Rs 110.03 crore).
As on June 30, 2023, IDBI Bank’s gross non-performing assets (GNPA) stood at Rs 8,762.51 crore crore (against Rs 33,908.32 crore on June 30, 2022) and the net NPA at Rs 730.60 crore (against Rs 1,741.24 crore).
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Breaking the Stigma: Transforming Perceptions and Em...
Pre-Budget Expectations: What the Common Man Expects
Mithila Palkar says her`Sweet Dreams`character is co...
Will give my 200 pc and that`s my commitment to you,...
Pre-Budget 2025: Expectations on Taxation Policies
Union Budget: COAI calls for further reforms to revi...
India`s Oberoi Realty posts Q3 profit jump on strong...
Education Sector Expectations: Making Quality Learni...
India refiners ask ADNOC to offer oil delivered pric...
``The Power of Preventive Healthcare: Your Ultimate ...
