IDBI Bank Q1 PAT at Rs 1,224 crore
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/510b24fa8776d817f1a41f6572f99208.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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).
![](https://portfolio.investmentguruindia.com/uploads/news/Muthoot Finance ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/hiroshiyoshida.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Skills Revolution1231.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/cummins.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/investment37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tata Steel Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tarun Chugh, MD & CEO, Bajaj Allianz Life.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/car37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jitin37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/sunteck realty.jpg)