IDBI Bank reports PBT of Rs 289.66 cr for Q4FY20 over healthy rise in NII

The bank's net interest income (NII) rose by 46 per cent to Rs 2,356 crore in Q4FY20 from Rs 1,609 crore Q4FY19

Private sector lender IDBI Bank posted a profit before tax (PBT) of Rs 289.66 crore for the fourth quarter ended March 2020 (Q4FY20) on a healthy rise in net interest income and a sharp drop in provisions and contingencies. The bank had posted a loss before tax of Rs 7,136 90 crore in quarter ended March 2019 (Q4FY19).

While the lender's net profit for period under review stood at Rs 135.39 crore compared to a net loss of Rs 4,918.44 crore in Q4FY19, its net loss for Q4FY20 fell to Rs 12,887.34 crore from Rs 15,116.30 crore in FY19.

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