IDBI Bank net NPAs were at 9.61% in the December quarter compared to 8.32% in the previous quarter and 4.6% in the same quarter last year. Photo: MintMumbai: IDBI Bank Ltd on Tuesday said its net loss for the December quarter widened from a year ago as bad loans continued to mount amid a sharp fall in net interest income (NII). The bank reported a loss of Rs2,254.96 crore in the December quarter against Rs2,183.68 crore a year ago. NII or the core income a bank earns by giving loans fell 45.33% to Rs850.38 crore from Rs1,555.54 crore last year. Net NPAs were at 9.61% in the December quarter compared to 8.32% in the previous quarter and 4.6% in the same quarter last year.

Source: Mint February 07, 2017 09:39 UTC