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IDBI Bank posts 3rd straight quarterly loss at Rs 853 cr in Q1 on higher NPAs

Net NPA was 15.8 per cent, up from 7.47 per cent in the year-ago quarter

Press Trust of India  |  Mumbai 

IDBI
IDBI Bank

State-owned on Monday ran up a net loss of Rs 853 crore for the first quarter ended June, mainly hurt by higher provisioning against bad loans.

It is the third straight quarter when the reported net loss.


The had posted a profit of Rs 241.10 crore in April-June of 2016-17.

Total in the June quarter was Rs 6,730.88 crore, down from Rs 8,219.43 crore a year earlier, it said in a regulatory filing.

Gross non-performing assets (NPAs) soared to Rs 50,173.20 crore, or 24.11 per cent, in the first quarter of 2017-18, from Rs 27,275.15 crore in the year-ago period.

Net NPA was 15.8 per cent, up from 7.47 per cent in the year-ago quarter.

The stock closed at Rs 52.45, down 0.57 per cent from its previous close, on the on Monday.

First Published: Mon, August 14 2017. 16:28 IST
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