IDBI BANK received a huge setback from the non -performance assets (NPA) to ₹ 2,759 million rupees | Photo credit: Reuters
IDBI Bank has reported an increase of 26 percent year -on -year (interannual) in the net gain independent of the fourth quarter to ₹ 2,051 million rupees in the back of solid growth in other income and a strong increase in the decline in the provisions of loan loss.
The private sector bank had registered a net gain of ₹ 1,628 million rupees in the quarter of the previous year. The Bank Board of Directors, at its meeting on Monday, has recommended a dividend or ₹ 2.10 by capital action of the nominal value of ₹ 10 each for fiscal year 2015.
The net interest in INIME (difference between interests earned and expanded interest) decreased around 11 percent year -on -year to ₹ 3,290 million rupees (₹ 3,688 million rupees in the quarter of the previous year).
Other income, including tariff -based income, treasure income, earnings/losses (including revaluation) of investment sale, dividends received, recovering from written advances, etc., fired 130 percent year -on -year at ₹ 2,057 crimes). The recovery in written cases to ₹ 1,095 million rupees represented 53 percent of other income.
The net margin decreased to 4 percent in the quarter of reports against 4.91 percent in the quarter of the previous year.
Backs on loans
The bank received a huge setback from the provisions of non -yield assets (NPA) to ₹ 2,759 million rupees (₹ 693 million rupees). He also recovered a setback or ₹ 119 million million provisions (5 million million rupees).
However, the provisions for the depreciation of investments and standard assets rose to ₹ 1,361 million rupees (₹ 43 million rupees) and ₹ 675 million rupees (against a setback of ₹ 306 million rupees in the period of the previous year), respectively.
The provisions of the incopperable debts were incorporated into ₹ 1,086 million rupees (₹ 1049 million rupees).
Fiscal expenses increased to ₹ 911 million rupees of ₹ 433 million rupees in the period of the previous year.
Total deposits increased by 12 percent year -on -year to ₹ 3,10,294 million rupees at the end of March 2025. The proportion of low -cost current accounts, savings account (house) decreased to 46.56 percent of the total deposits (50.43 percent).
Net advances increased 16 percent year -on -year to ₹ 2.18,399 million rupees at the end of March 2025. Within this, corporate advances increased by 17 percent; Structured retail advances (housing loans, properties, loans for cars, education and personal loans) and unstructured retailers (gold loans, loans for agri, mipyme, business in bulk/centralized businesses, other retailers) increased 13 percent each.
The gross position of unrealized assets (GNPA) improved 2.98 percent or gross advances at the end of March 2025 against 4.53 percent at the end of March 2024. NPS’s net position also improved to 0.15 percent or net progress from 0.34 percent.
IDBI Bank shares closed to ₹ 82.63 each in BSE, 2.17 percent more than the previous closure.
Posted on April 28, 2025