IDBI Bank reports net profit of Rs 927crore in Q3FY23

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IDBI Bank reports net profit of Rs 927crore in Q3FY23

January 23

20:20 2023

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by indadmin

By Banaja Routray

Mumbai, Jan. 23: IDBI Bank has reported 60 per cent rise in net profit to Rs 927 crore for the third quarter ended December 31, 2022.

The Bank had posted a net profit of Rs 578 crore in the previous year quarter.

IDBI Bank’s Operating Profit stood at Rs 2,051 crore, growth of 16 per cent YoY. The NII stood at Rs 2,925 crore, growth of 23 per cent YoY and 7 per cent QoQ. Its Current Account and Savings Account (CASA) to Total Deposit Ratio stood at 54.44 per cent.