The first quarter results for IDBI Bank

On July 24, IDBI Bank announced a 62 per cent increase in net profit at Rs 1,224 crore for the April-June FY24 quarter. In the same quarter last year, the private-sector lender earned a net profit of Rs. 756 crore.

From 20% the previous year, the bank's gross non-performing asset (GNPA) decreased to 5%. Additionally, the bank's net non-performing assets (NNPA) decreased from 1.26 percent to 0.44 percent.

Revenue by segment

Revenue for the lender's corporate and wholesale segment increased to Rs 2696 crore from Rs 1264 crore in the same period previous year.

The bank's primary source of income, retail banking, increased to Rs 7106 crore from Rs 5656 crore the previous year.

The bank's Treasury division recorded income of Rs 3280 crore, up from Rs 2428 crore the previous year.

Top stories
Company

Delta Corp Q1 PAT Declines 68% YoY to Rs 22 crore in FY25

4 mins read . 13 Jul 2024 . 09:30 AM

Company

Zydus Life Gets USFDA Nod for Heart Failure Drug

3 mins read . 13 Jul 2024 . 09:23 AM

Company

RVNL Spurts 10% on Bagging Multiple Orders Worth Rs 390 Cr

4 mins read . 13 Jul 2024 . 09:18 AM

Related Blogs
blog-logo

Share Market

blog-logo

12 mins read . 12 Jul 2024

Ritesh Agarwal: The OYO Founder’s Success Story

  • 0 people read
blog-logo

Share Market

blog-logo

15 mins read . 08 Jul 2024

Best Oil & Gas Stocks in India

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions