IDBI Bank on Monday announced a 26% increase in its net profit for the March quarter of FY25, reaching Rs 2,051 crore, against Rs 1,628 crore reported during the same period last year.
The LIC-controlled bank reported its total income at Rs 9,035 crore, up from Rs 7,887 crore in the January-March quarter of FY24.
Meanwhile, interest income saw a marginal dip, falling slightly to Rs 6,979 crore from Rs 6,990 crore during the corresponding quarter a year ago.
For the full fiscal year 2024-25, IDBI Bank posted a net profit of Rs 7,515 crore, marking a 33% increase compared to Rs 5,634 crore in FY24. Total income for the year rose to Rs 33,826 crore, up from Rs 30,037 crore in the previous year.
In terms of asset quality, the bank made notable improvements. The gross non-performing assets (NPAs) decreased to 2.98% of gross advances by March 31, 2025, down from 4.53% at the end of FY24. The net NPAs also saw a significant reduction, dropping to 0.15% from 0.34% a year ago.
The bank’s board projected a dividend of Rs 2.10 per share, based on a face value of Rs 10 each, subject to shareholders’ approval.
The LIC-controlled bank reported its total income at Rs 9,035 crore, up from Rs 7,887 crore in the January-March quarter of FY24.
Meanwhile, interest income saw a marginal dip, falling slightly to Rs 6,979 crore from Rs 6,990 crore during the corresponding quarter a year ago.
For the full fiscal year 2024-25, IDBI Bank posted a net profit of Rs 7,515 crore, marking a 33% increase compared to Rs 5,634 crore in FY24. Total income for the year rose to Rs 33,826 crore, up from Rs 30,037 crore in the previous year.
In terms of asset quality, the bank made notable improvements. The gross non-performing assets (NPAs) decreased to 2.98% of gross advances by March 31, 2025, down from 4.53% at the end of FY24. The net NPAs also saw a significant reduction, dropping to 0.15% from 0.34% a year ago.
The bank’s board projected a dividend of Rs 2.10 per share, based on a face value of Rs 10 each, subject to shareholders’ approval.
You may also like
Five killed in road accident in Andhra's Tirupati
Shoppers hail £23 patio cleaning tool that makes gardens 'look new again' in one afternoon
IPL 2025: DC Should Stop Chopping And Changing Their Top-order, Says Ajay Jadeja
J-K Assembly passes resolution denouncing Pahalgam attack; Omar says he failed in his duty
Alan Shearer calls out daughter Chloe's boyfriend in Gary Lineker conversation – 'You idiot!'
