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IDBI Bank's net up 39% to ₹1,836 crore
Business Standard
|October 26, 2024
Private sector lender IDBI Bank on Friday reported a healthy 39 per cent jump year-on-year (Y-o-Y) in its net profit for the second quarter of the current financial year (Q2FY25) to ₹1,836 crore on improvement in net interest margins and an uptick in non-interest income.
Sequentially, the Mumbai-based lender's net profit rose by 7 per cent from ₹1,719 crore in Q1FY25. Its stock closed 1.78 per cent up at ₹82.8 per share on the BSE on Friday.
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