IDBI Bank Q4 Results: Profit surges 35% YoY to Rs 691 cr, asset quality improves; stock surges over 3.5% intraday
According to IDBI Bank’s filing to exchanges, “Net Profit improved by 35 per cent for Q4FY22 to Rs 691 crore as against Rs 512 crore for Q4FY21. While its Net Interest Income (NII) stood at Rs 2,420 crore for Q4FY22 as against Rs 3,240 crore for Q4FY21.”
The bank’s Net Interest Margin (NIM) stood at 3.97 per cent from 3.88 per cent sequentially: PTI