IDBI Bank reported Q3 Results on January 23, 2023. Net profit of Rs.927 crores rose 60% YoY. 

IDBI Bank reported a Net Interest Income of Rs.2925 crores rose 23% YoY. It was Rs.2,383 crores in Q3 last year. 

Bank reported its NIM of 4.59% for Q3FY23 up by 71 bps. It was 3.88% for Q3FY22.

Bank reported a Net profit of Rs.927 crores rose 60% YoY. It was Rs.578 crores in Q3 last year. 

Bank reported Operating profit Rs.2,051 crores up 16% YoY. It was Rs.1,768 crores in Q3 last year. 

IDBI Bank reported CASA Deposits grew by 4% YoY from 1,21,732 crores to 1,26,663 crores on Q3FY23. However, it was 1,29,407 on Q2FY23.

Bank reported provisions of Rs.1,124 crores down 5% YoY. It was Rs.1,189 crores in Q3 last year. 

Bank reported Gross NPA of 13.82% was 16.51% QoQ and 21.68% YoY. Net NPA of 1.07% was 1.15% QoQ and 1.81% YoY.

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