State-owned IDBI Bank on Thursday reported its standalone net loss at Rs 3,199.76 crore for the fourth quarter (Q4) of 2016-17 ended March 31 -- a plunge of over 84 per cent -- from a net loss of Rs 1,735.81 crore reported during Q4 last fiscal.
The state-run bank's total income for Q4 fell by 2.74 per cent to Rs 8,048.12 crore compared to Rs 8,274.58 crore reported during the corresponding period of 2015-16.
For the financial year ended March 31, the standalone net loss of the bank stood at Rs 5,158.14 crore compared to Rs 3,664.80 crore during 2016-17.
However, the total income during the year under review rose to Rs 31,758.97 crore from Rs 31,453.46 crore reported in the financial year ended March 31, 2016.
On a consolidated basis, the net loss of the state-run bank for the financial year ended March 31, 2017, stood at Rs 5,069.44 crore and the total income at Rs 31,972.57 crore.
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