Mumbai: State-owned IDBI Bank today posted a standalone net loss of Rs 2,184 crore for the December quarter of the current fiscal, hit by higher provisioning for bad loans.
The bank had clocked a net profit of Rs 102.79 crore in the October-December period of last fiscal, it said in a filing on the BSE.
IDBI Bank's income fell to Rs 7,361.86 crore in the quarter under review from Rs 7,935.99 crore a year ago.
Gross NPA increased to 8.94 per cent from 5.94 per cent in the year-ago quarter. Similarly, the net NPA was up at 4.6 per cent in the third quarter of the fiscal from 3.05 per cent in the year-ago period.
During the quarter, the bank had raised Rs 1,000 crore by issuing securities on private placement basis.
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