IDBI Bank today, announced its quarterly results for Q3 FY24. The Net Profit stood at ₹1,458 crore for Q3 FY24, registering a strong growth of 57% YoY. The operating profit stood at ₹2,327 crore. NIM was recorded at 4.72%, and Net Interest Income stood at ₹3,435 crore with a YoY growth of 17%. Cost of Deposit increased by 83 bps and stood at 4.34% for Q3-2024 as compared to 3.51% for Q3-2023. CRAR stood at 20.32% with YoY growth of 18 bps. Return on Assets (ROA) was recorded at 1.70% (YoY growth of 48 bps) and Return on Equity (ROE) stood at 19.57%, (YoY growth of 361 bps). Net NPA stood at 0.34% and improved by 74 bps. Gross NPA at 4.69% improved by 913 bps. PCR stood at 99.17% up by 119 bps.
