IDBI Bank Q3 net loss rises to Rs 4,185 cr on higher bad loan provisions

Its asset quality remains under severe pressure

IDBI Bank's balance sheet continued to bleed in the third quarter ended December 2018 (Q3 FY19) on higher provisions for bad loans. It posted a net loss of Rs 4,185 crore in Q3 FY19, up from Rs 1,524 crore in Q3 FY18. 

Its stock closed four per cent lower at Rs 50 per share on BSE.

Its net interest income (NII) declined by 19 per cent to Rs 1,357 crore in Q3 FY19 from Rs 1,666 crore in the third quarter of the last financial year (March 2018). Its other income declined by 47 per cent to Rs 698 crore