*Net Profit surges to ₹1,719 crore, registering a growth of 40% YoY and
6% QoQ
*Gross NPA down to 3.87%, YoY reduction by 118 bps
*Net NPA down to 0.23%, YoY reduction by 21 bps
*Provision Coverage Ratio (PCR) at 99.34%
*CRAR at 22.42%
*CASA ratio at 48.57%
365Telugu.com online news, July 22,2024: IDBI Bank today, announced its quarterly results for Q1 FY25. The Net Profit stood at ₹1,719 crore for Q1 FY25, registering a strong growth of 40% YoY. The operating profit stood at ₹2,076 crore.
NIM was recorded at 4.18% and Net Interest Income stood at ₹3,233 crore in Q1-2025 as against ₹3,998 crore in Q1-2024. Cost of Deposit stood at 4.58% in Q1-2025 as compared to 4.12% in Q1-2024. CRAR stood at 22.42% with YoY growth of 209 bps.
Return on Assets (ROA) at 1.83%, YoY growth of 34 bps and Return on Equity (ROE) at 19.87%, YoY growth of 123 bps. Net NPA at 0.23% as against 0.44% as on June 30, 2023 and Gross NPA at 3.87% as against 5.05% as on June 30,2023.