IDBI Bank posts net loss of Rs 2,254 crore

IDBI Bank on Tuesday said it closed last quarter with a higher net loss of Rs 2,254.96 crore.

In a regulatory filing with BSE, the bank said it has posted a net loss of Rs 2,254.96 crore for the quarter ended December 31, 2016, as compared to net loss of Rs 2,183.68 crore for the quarter ended December 31, 2015.

Total Income has decreased from Rs 7,361.86 crore for the quarter ended December 31, 2015, to Rs 7,104.21 crore for the quarter ended December 31, 2016.

--IANS

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