Mumbai: IDBI Bank reported net Benefit 1,113 crore for quarter ended March 2023, a growth of 22% from Rs 927 crore in the corresponding quarter last year.
hop In Income 568 for the quarter was driven by recovery of loans already written off.
Edge The year ended with a 10% growth in deposits and advances. Total deposits increased to Rs 2.6 lakh crore from Rs 2.3 lakh crore last year and loans repaid to the tune of Rs 1.6 lakh crore at the end of this year as compared to Rs 1.5 lakh crore last year. The bank’s full year net profit stood at Rs 3,645 crore, a growth of 49% over FY22. Operating profit for the year grew by 17% to Rs 8,736 crore.
hop In Income 568 for the quarter was driven by recovery of loans already written off.
Edge The year ended with a 10% growth in deposits and advances. Total deposits increased to Rs 2.6 lakh crore from Rs 2.3 lakh crore last year and loans repaid to the tune of Rs 1.6 lakh crore at the end of this year as compared to Rs 1.5 lakh crore last year. The bank’s full year net profit stood at Rs 3,645 crore, a growth of 49% over FY22. Operating profit for the year grew by 17% to Rs 8,736 crore.