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IDBI Bank Q3 net profit jumps 53% to Rs 578 cr on robust NII growth

Net interest income up 30% YoY to Rs 2,2383 cr

IDBI Bank
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Subrata Panda Mumbai
IDBI Bank has reported a 53 per cent jump in net profit in the October – December quarter of FY22, aided by a robust growth in net interest income (NII). Net profit for the quarter stood at Rs 578 crore compared to Rs 378 crore in the corresponding quarter of previous financial year (FY21).

Its NII, which is the interest earned minus the interest expended, increased by over 30 per cent year-on-year (YoY) to Rs 2,383 crore and sequentially it was up 29 per cent. However, non-interest income was down 20 per cent YoY to Rs 1,148 crore but it

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First Published: Jan 21 2022 | 2:47 PM IST

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