IDBI Bank Q3 net flat at Rs 102 cr

NPA of the bank rose to 5.94% of total advances

Public sector lender IDBI Bank’s net profit for the third quarter ended December 2014 was flat at Rs 102 crore.

The bank had a net profit of Rs 103 crore in the October-December quarter of 2013-14. Its net interest income was down 3.8 per cent to Rs 1,431 crore.

Shares of IDBI Bank closed at Rs 65.8 a piece, up 0.23 per cent over its previous close on the BSE. The gross non-performing assets (NPA) of the bank rose to 5.9 per cent of total advances, as against 5.4 per cent at the end of December 2013.

Its capital adequacy stood at 12.2 per cent at the end of December 2014.