NEW DELHI: IDBI Bank on Saturday posted a 44% improve in net profit at Rs 1,628 crore in Q4 of the monetary yr 2023-24 in opposition to Rs 1,133 crore in the identical interval a yr in the past.
The non-public lender’s complete revenue elevated to Rs 7,887 crore from from Rs 7,014 crore on this interval of the fiscal yr 2022-23.
Its net profit rose 55% to an all-time excessive of Rs 5,634 crore within the 2023-24 fiscal.In 2022-23, its profit was at Rs 3,645 crore. Total revenue for fiscal yr 2023-24 was at Rs 30,037 crore, up from Rs 24,942 crore in monetary yr 2022-23.
Net Interest Income of the financial institution elevated by 12% within the March quarter to Rs 3,688 crore, as in opposition to Rs 3,280 crore within the fourth quarter of 2022-23.
Net non-performing property (NPA) ratio was at 0.34 per cent as on March 31, 2024, in opposition to 0.92 which was a yr in the past.
The board of IDBI Bank following the announcement of the quarterly proposed a dividend of 15% topic to shareholders’ approval.
The non-public lender’s complete revenue elevated to Rs 7,887 crore from from Rs 7,014 crore on this interval of the fiscal yr 2022-23.
Its net profit rose 55% to an all-time excessive of Rs 5,634 crore within the 2023-24 fiscal.In 2022-23, its profit was at Rs 3,645 crore. Total revenue for fiscal yr 2023-24 was at Rs 30,037 crore, up from Rs 24,942 crore in monetary yr 2022-23.
Net Interest Income of the financial institution elevated by 12% within the March quarter to Rs 3,688 crore, as in opposition to Rs 3,280 crore within the fourth quarter of 2022-23.
Net non-performing property (NPA) ratio was at 0.34 per cent as on March 31, 2024, in opposition to 0.92 which was a yr in the past.
The board of IDBI Bank following the announcement of the quarterly proposed a dividend of 15% topic to shareholders’ approval.
