IDBI Bank topples IOB as lender with highest NPA ratio

IDBI Bank's gross NPAs soared to Rs 50,173 crore in the Q1 of 2017-18

Public sector lender IDBI Bank posted a net loss of Rs 853 crore for the quarter ended June 2017 (Q1) on a sharp rise in provisions for bad loans, fall in net interest income (NII) as well as other income. 

The lender’s gross non-performing assets (NPAs) as a percentage of loans was 24.11 per cent, surpassing Chennai-based Indian Overseas Bank’s (IOB’s) 23.6 per cent at the end of Q1, according to a filing with the BSE.

IDBI Bank’s gross NPAs soared to Rs 50,173 crore, or 24.11 per cent of total loans, in the Q1 of 2017-18, from Rs 27,275