IDBI Banks Net Loss Narrows To ₹3,459 Cr
Money & Banking
IDBI Bank’s net loss in the September quarter has narrowed to ₹3,459 crore, against a net loss of ₹3,602 crore in the same period last year.
Net interest income, or the difference between interest earned on loans and that paid on deposits, increased 25 per cent to ₹1,631.48 crore, from ₹1,301 crore in the corresponding period last year.
Other income, which includes core fee income, gained 28 per cent to ₹1,033 crore in the period under review.
Net interest margin improved by 53 basis points to 2.33 per cent, against 1.80 per cent logged in same period last year.
Net NPAs reduced to ₹7,919 crore in September quarter from ₹27,295 crore as on September 30, 2018, and ₹10,963 crore in June quarter.
First-time NPAs reduced by 41 per cent to ₹2,059 crore (₹3,489 crore).
CASA deposit has crossed the one trillion mark and stands at ₹1,04,027 crore as on September 30, against ₹90,071 crore recorded in same period last year, an increase of 15 per cent.
Structured Retail Assets portfolio increased by ₹8,180 crore to ₹56,320 crore (₹48,140 crore).
Published on
November 08, 2019
IDBI Bank’s net loss in the September quarter has narrowed to ₹3,459 crore, against a net loss of ₹3,602 crore in the same period last year.
Net interest income, or the difference between interest earned on loans and that paid on deposits, increased 25 per cent to ₹1,631.48 crore, from ₹1,301 crore in the corresponding period last year.
Other income, which includes core fee income, gained 28 per cent to ₹1,033 crore in the period under review.
Net interest margin improved by 53 basis points to 2.33 per cent, against 1.80 per cent logged in same period last year.
Net NPAs reduced to ₹7,919 crore in September quarter from ₹27,295 crore as on September 30, 2018, and ₹10,963 crore in June quarter.
First-time NPAs reduced by 41 per cent to ₹2,059 crore (₹3,489 crore).
CASA deposit has crossed the one trillion mark and stands at ₹1,04,027 crore as on September 30, against ₹90,071 crore recorded in same period last year, an increase of 15 per cent.
Structured Retail Assets portfolio increased by ₹8,180 crore to ₹56,320 crore (₹48,140 crore).
Published on
USAA Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more
USAA Launches “Honor Through Action,” Committing $500 Million Over Five Years To Champion The Military Community
Movement will focus on meaningful careers, financial security and well-being for our nation’s veterans and military fa... Read more
USAA Extends Government Shutdown Relief, Totaling More Than $411M To Its Members
Nov 05 2025 SAN ANTONIO – November 5 – As the government shutdown continues, USAA is e... Read more
USAA To Serve As Title Sponsor For HYROX Dallas In November 2025
Through military veteran athletes, content and onsite activation, USAA will elevate the importance of well-being through... Read more
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more