'IDBI Bank has reported 31% growth in net profit at Rs 1908.27 crore for the
quarter ended December 2024 (Q3FY2025). The bank has posted healthy 23% growth
in net interest income (NII), while the core fee income of the bank rose 5% in
Q3FY2025. The Net Interest Margin (NIM) of the bank improved to 5.17% in
Q3FY2025 compared to 4.72% in the corresponding quarter of previous year.
On business front, the bank as has posted 12% growth in business
with strong 17% surge in loan book. The asset quality of the bank has continued
to improve in Q3FY2025. Bank has substantially raised the credit to deposit
ratio to 75.8% at end December 2024 from 70.8% at end December 2023. However,
the CASA ratio of the bank has declined to 46.3% at end December 2024 from
49.9% at end December 2023.
Asset quality improves: The bank has continued
to improve asset quality in Q3FY2025.
The fresh slippages of loans stood...
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