 "IDBI")
With capital infusion from the government and a turnaround plan in place, IDBI Bank expects stability to return to its balance sheet by March 2019.
The government-owned bank, in the red due to large provisioning for loans gone bad, posted a net loss of Rs 198 crore in the quarter ended September (Q2), from a profit of Rs 56 crore in the same period of 2017. The net loss for the June quarter (Q1) was Rs 858 crore.
However, operating profit rose by 81.7 per cent to Rs 2,798 crore in Q2 from a year before (it was Rs 877
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