(Reuters) - IDBI Bank Ltd posted its seventh straight quarterly loss on Tuesday as mounting bad loans continued to weigh on the state-run lender.
Net loss was 24.10 billion rupees ($344.77 million) for the three months ended June 30, compared with a loss of 8.53 billion rupees a year earlier, the Mumbai-based bank said https://www.bseindia.com/xml-data/corpfiling/AttachLive/b23826c5-b9ab-47d3-8781-abf74a51d9b7.PDF.
Gross bad loans as a percentage of total loans was 30.78 percent at the end of June, compared with 27.95 percent a quarter earlier, and 24.11 percent a year earlier.
($1 = 69.9025 Indian rupees)
(Reporting by Chris Thomas and Tanvi Mehta in Bengaluru; Editing by Sunil Nair)
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