Business Standard

IDBI Bank Q3 net loss rises to Rs 4,185 cr on higher bad loan provisions

Its asset quality remains under severe pressure

IDBI
Premium

LIC is yet to reduce its crossholding in UTI MF to comply with the diktat and, with the AMC’s listing hanging fire, a possible stake sale in the near future looks unlikely

Abhijit Lele Mumbai
IDBI Bank's balance sheet continued to bleed in the third quarter ended December 2018 (Q3 FY19) on higher provisions for bad loans. It posted a net loss of Rs 4,185 crore in Q3 FY19, up from Rs 1,524 crore in Q3 FY18. 

Its stock closed four per cent lower at Rs 50 per share on BSE.

Its net interest income (NII) declined by 19 per cent to Rs 1,357 crore in Q3 FY19 from Rs 1,666 crore in the third quarter of the last financial year (March 2018). Its other income declined by 47 per cent to Rs 698 crore

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in