IDBI Bank reports a net profit of Rs. 927cr in Q3FY23

IDBI Bank reports a net profit of Rs. 927cr in Q3FY23

Mumbai, January 23, 2023: IDBI Bank reported a 60% rise in net profit to ₹927cr for the third quarter ended December 31, 2022. The Bank had posted a net profit of ₹578 crores in the previous year quarter. IDBI Bank’s Operating Profit stood at ₹2,051 crore, growth of 16% YoY. The NII stood at ₹2,925 crore, growth of 23% YoY and 7% QoQ. CASA to Total Deposit Ratio stood at 54.44%.