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Business EconomyPosted at: Jul 28 2020 9:43PM


IDBI Q1 net profit at Rs 144 cr

Mumbai, Jul 28 (UNI) IDBI Bank has reported a net Profit of Rs 144 crore for the quarter ended June 30,2020 as against net loss of Rs 3,801 crore for the quarter ended June 30 ,2019
Profit Before Tax (PBT) for the quarter under review Improved to Rs 438 crore as against loss of Rs 5,381 crore for same quarter a year ago.
Net Interest Income (NII) for Q1-2021 improved by 22 pc to Rs 1,773 crore as against Rs 1,458 crore for Q1-2020.
Net Interest Margin (NIM) improved by 68 bps to 2.81 pc for Q1-2021 as compared to 2.13 pc for Q1-2020.
Cost of Deposit improved by 64 bps to 4.65 pc for Q1-2021 as compared to 5.29 pc for Q1-2020.
Cost of Funds improved by 67 bps to 4.96 pc for Q1-2021 as compared to 5.63 pc for Q1-2020.
Non-Interest Income to Total Income improved to 17.01 pc for Q1-2021 as compared to 14.06 pc for Q1-2020.
Cost to Net Income Ratio has improved to 52.25 pc in Q1-2021 from 58.48 pc in Q1-2020.
CASA increased to Rs 1,04,315 crore as on June 30, 2020 as against Rs 99,590 crore as on June 30, 2019.
Share of CASA in Total Deposits improved to 47.55 pc as on June 30, 2020 as against 43.15 pc as on June 30, 2019.
The composition of Advances portfolio Corporate V/s Retail was realigned to 43:57 as on June 30, 2020 as against 48:52 as on June 30, 2019.
Structured Retail Assets portfolio increased by 7 pc to Rs 58,633 crore as on June 30, 2020 from Rs 54,938 crore as on June 30, 2019.
Gross NPA ratio improved to 26.81 pc as on June 30, 2020 as against 29.12 pc as on June 30, 2019.
Net NPA ratio improved to 3.55 pc as on June 30, 2020 as against 8.02 pc as on June 30, 2019 Tier 1 improved to 10.59 pc as on June 30, 2020 as against 6.14 pc as on June 30, 2019.
CRAR improved to 13.37 pc as on June 30, 2020 as against 8.14 pc as on June 30, 2019.
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