Shares of IDBI Bank today fell by over 3 per cent after the company reported widened net loss at Rs 5,662.76 crore in the quarter ending March 2018.
The scrip went down by 3.13 per cent to settle at Rs 65.10 on BSE. During the day, it lost 4.98 per cent to Rs 63.85.
On NSE, shares of the company dropped 3.12 per cent to close at Rs 65.
On the equity volume front, 51.92 lakh shares of the company were traded on the BSE and over two crore shares changed hands on NSE during the day.
State-owned IDBI Bank today reported widened net loss at Rs 5,662.76 crore in the quarter ending March 2018 due to higher provisioning for non-performing assets (NPAs).
The bank had reported a net loss of Rs 3,199.77 crore in the corresponding January-March quarter of 2016-17.
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The bank's income during January-March 2018 was Rs 7,913.82 crore, marginally up from Rs 7,703.19 crore in the year-ago period, it said in a regulatory filing.
IDBI Bank's gross NPA soared to 27.95 per cent of its loans at March 2018-end compared to 21.25 per cent at the end of March 2017.