IDBI Bank fell 1.36% to Rs 86.75 at 9:51 IST on BSE as the state-run bank's ratio of net non-performing assets rose to 2.07% of net advances as on 30 June 2012 from 1.61% as on 31 March 2012.
The state-run bank announced the first quarter results after market hours on Tuesday, 31 July 2012.
Meanwhile, the BSE Sensex was up 7.81 points or 0.05% to 17,243.84.
On BSE, 1.44 lakh shares were traded in the counter as against average daily volume of 3.32 lakh shares in the past one quarter.
The stock hit a high of Rs 87.25 and a low of Rs 85.10 so far during the day.
The stock had underperformed the market over the past one month till 31 July 2012, falling 5.94% compared with the Sensex's 1.11% fall. The scrip had also underperformed the market in past one quarter, sliding 13.61% as against Sensex's 0.48% fall.
IDBI Bank's ratio of net non-performing assets (NPA) stood at 2.07% of net advances as on 30 June 2012, higher than 1.61% as on 31 March 2012 and 1.25% as on 30 June 2011. The ratio of gross NPA stood at 3.24% of gross advances as on 30 June 2012, higher than 2.49% as on 31 March 2012 and 2.1% as on 30 June 2011.
IDBI Bank's net profit rose 27.5% to Rs 427.34 crore on 12% growth in total income to Rs 6786.81 crore in Q1 June 2012 over Q1 June 2011. IDBI Bank's provisions and contingencies rose 19.1% to Rs 506.82 crore in Q1 June 2012 over Q1 June 2011.
IDBI Bank's Capital Adequacy Ratio (CAR) stood at 14.36% as on 30 June 2012, lower than 14.58% as on 31 March 2012 but higher than 13.83% as on 30 June 2011.
The Government of India (GoI) holds 70.52% stake in IDBI Bank (as per the shareholding pattern as on 30 June 2012)
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