ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

IDBI Bank posts 53.5% drop in Q2 net profit, Gross NPA rises

On quarter-on-quarter basis, the net profit declined by 77%.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
IDBI Bank posts 53.5% drop in Q2 net profit, Gross NPA rises
Following the announcement of the results, the bank's shares plunged over 3%. Photo: Official Facebook Page

IDBI Bank on Tuesday announced its financial result for the quarter ended on September 30. The bank reported 53.5% drop in net profit during the quarter. In Q2FY17, the bank's net profit stood at Rs 55.5 crore as against Rs 119.5 crore during the same period last year.

On quarter-on-quarter basis, the net profit declined by 77% from Rs 241.1 crore in the quarter ended on June 30, 2016.

Following the announcement of the results, the bank's shares plunged over 3%. At 1435 hours, the shares of the bank were trading at Rs 74.30 per piece, down 3.07%, or Rs 2.35 on BSE.

In the regulatory filing, the bank said that its total income has increased from Rs 7,913.6 crore in Q2FY16 to Rs 8387.2 crore in Q1FY17. Net interest income for Q2FY17 stood 0.4% Y-o-Y degrowth at Rs 1,606 crore.

As per the filing, the percentage of gross Non-performing Assets stood at 13.05% in Q2FY17 as against 6.92% in Q2FY16. However, in the previous quarter, gross NPA was 11.92%.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
IDBI BankBanking & Financial ServicesIDBI Bank Q2 resultsIDBI Bank share pricem IDBI Bank net profit
Written By: ZeeBiz WebTeam
Updated: Tue, Oct 25, 2016
02:47 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
IDBI Bank manager arrested for swindling money from customers' accounts IDBI Bank manager arrested for swindling money from customers' accounts
Budget 2023: Govt may not come up with fresh divestment plans; likely to focus on privatisation of already announced PSU firms Budget 2023: Govt may not come up with fresh divestment plans; likely to focus on privatisation of already announced PSU firms
IDBI Bank has been profitable since March 2020, Q2 saw highest profit, says MD & CEO Rakesh Sharma IDBI Bank has been profitable since March 2020, Q2 saw highest profit, says MD & CEO Rakesh Sharma
Q3 Results 2023: IDBI Bank, Canara Bank, Triveni Turbine, others announce December quarter results - HIGHLIGHTS Q3 Results 2023: IDBI Bank, Canara Bank, Triveni Turbine, others announce December quarter results - HIGHLIGHTS

LATEST NEWS

Redington Q3 results: Company records standalone Q3 net at Rs 141.38 crore

Vande Bharat Express Fleet: Check full train list, timetable, routes, ticket price, new routes

Ambuja Cement, ACC say no shares pledged by promoter Adani group

CBSE Admit Card Class 10, 12 to be released soon on cbse.nic.in: Check steps to download

US Fed hikes rates for first time in new year

India Vs Australia Schedule 2023: Ind v Aus Test match dates, venue, time table, squads, Live streaming, when and where to watch, other details

India among top three sources for active users growth on Facebook: Meta

WhatsApp bans over 36 lakh malicious accounts in India in Dec

Samsung Galaxy S23 Series starts from Rs 74,999 in India

Samsung Galaxy S23 Ultra Vs Galaxy S23 plus Vs Galaxy S23: Specification, Price comparison and other details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV