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Public sector lender IDBI Bank’s net loss widened to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income.
The bank had reported a net loss of Rs 2,183.68 crore in the October-December quarter of FY16.
“Total income has decreased to Rs 7,104.21 crore for the quarter ended December 2016 from Rs 7,361.86 crore in the same quarter a year ago,” IDBI Bank said.
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