New Delhi, Oct 25 (UNI) The IDBI Bank on Friday reported 39 per cent jump in net profit y-o-y basis at Rs 1,836 crore in the Q2 (July-September) period of current financial year verus Rs 1,323 crore in Q2 of last fiscal 2023-24.
Net Interest Income grew by 26 per cent in Q2-2025 to Rs 3,875 crore as against Rs 3,066 crore in Q2 of previous financial year, the bank said in a release adding that Net Interest Margin (NIM) improved by 54 bps in Q2-2025 to 4.87% as compared to 4.33% in Q2-2024.
Total Deposit increased to Rs 2,77,602 crore as on September 30, 2024 as against Rs 2,49,434 crore as on September 30, 2023 registering a growth of 11 per cent.
The Bank reported improvement in the Nonperforming Assets as the Gross NPA ratio improved to 3.68 per cent as on September 30, 2024 as against 4.90 per cent as on September 30, 2023 resulting in the Net NPA ratio improving to 0.20 per cent as on September 30, 2024 as against 0.39 per cent as on September 30, 2023.
Bank’s Long Term Credit Rating has been upgraded to ‘AA/Stable’ from ‘AA-/Stable’ and Short Term Credit Rating re-affirmed at ‘A1+’ by all the four rating Agencies viz., ICRA, CRISIL, CARE and India Rating, the Bank said.
