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IDBI Bank reports threefold increase of loss to Rs 4,185.48 crore for Q3

The bank had reported a net loss of Rs 1,524.31 crore in the corresponding quarter of the previous fiscal

IDBI
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Press Trust of India New Delhi
IDBI Bank Monday posted widening of loss by nearly threefold to Rs 4,185.48 crore for the third quarter ended December 2018 as bad loans surged.
 
The bank had reported a net loss of Rs 1,524.31 crore in the corresponding quarter of the previous fiscal.
 
Total income decreased to Rs 6,190.94 crore for the quarter, compared with Rs 7,125.20 crore in the corresponding quarter a year ago, IDBI Bank said in a statement.

The bank's gross non-performing assets (NPAs) shot up to 29.67 per cent of gross advances during the quarter, against 24.72 per cent in the year-ago period.

However, net

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