Home / Finance / News / IDBI Bank Q3 loss widens to Rs 2,255 cr on bad loans

IDBI Bank Q3 loss widens to Rs 2,255 cr on bad loans

Total income has decreased to Rs 7,104.21 crore for the quarter ended December 2016

premium

Graph

Last Updated : Feb 08 2017 | 12:41 AM IST

Public sector lender IDBI Bank’s net loss widened to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income.

The bank had reported a net loss of Rs 2,183.68 crore in the October-December quarter of FY16.

“Total income has decreased to Rs 7,104.21 crore for the quarter ended December 2016 from Rs 7,361.86 crore in the same quarter a year ago,” IDBI Bank said.