IDBI Bank quarterly results: IDBI Bank has announced its March quarter results. There has been a bumper jump in IDBI’s profit. The bank has also announced dividends for investors. Know the complete details.
IDBI Bank results:
Q4 Results Today: The Industrial Development Bank of India (IDBI) has announced its March quarter results. The net profit of IDBI Bank has increased significantly. IDBI Bank’s profit has increased by 44 percent. With this jump in profits, IDBI has announced dividends to investors. Let us know the complete details of IDBI Bank’s quarterly results.
IDBI Bank’s quarterly results:
- IDBI Bank’s net profit jumped 44 percent to Rs 1,628 crore in the March quarter of the last financial year.
- The net profit of the bank in the same quarter of the financial year 2022-23 was Rs 1,133 crore.
- The bank said on Saturday that its total income in the January-March quarter has increased to Rs 7,887 crore,
- Total income in the same quarter last year was Rs 7,014 crore.
- IDBI Bank’s net profit for the last financial year increased by 55 percent to Rs 5,634 crore.
- IDBI Bank’s net profit has reached an all-time high.
- The net profit of IDBI Bank in the financial year 2022-23 was Rs 3,645 crore.
- The total income of the bank was Rs 30,037 crore for the financial year 2023-24,
- The total income of IDBI Bank in the financial year 2022-23 was Rs 24,942 crore.
- IDBI Bank’s net interest income increased 12 percent to Rs 3,688 crore in the March quarter.
- The bank’s net interest income stood at Rs 3,280 crore in the same quarter last year.
- IDBI’s net non-performing assets (NPA) ratio improved to 0.34 percent as of March 31, 2024.
- The bank’s net non-performing asset (NPA) ratio stood at 0.92 percent as of March 31, 2023.
Declaration of dividend to shareholders
With the jump in profits, IDBI has announced dividends to investors. The board of directors of IDBI Bank has proposed a 15 percent dividend to its shareholders. The proposal to declare a dividend is subject to the approval of the shareholders.
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