IDBI Bank’s gross non-performing assets (NPAs) rose 43.63% to Rs50,621.75 crore at the end of December from Rs35,245.33 crore a year ago. Photo: MintMumbai: IDBI Bank Ltd on Wednesday reported a loss for the fifth consecutive quarter as bad loans continued to mount and provisions soared. For the December quarter, the bank reported a loss of Rs1,524.31 crore, down from Rs2,255 crore from a year ago. Gross non-performing assets (NPAs) rose 43.63% to Rs50,621.75 crore at the end of December from Rs35,245.33 crore a year ago. Net interest income, which a bank earns from loans, more than doubled to Rs1,665.51 crore from Rs813.25 crore a year ago.

Source: Mint January 31, 2018 11:37 UTC