IDBI Bank has reported significant improvements in its asset quality during Q3 FY25. The Gross Non-Performing Assets (GNPA) ratio and Net Non-Performing Assets (NPA) ratio showed notable reductions compared to the same period last year.
Key Highlights:
- Gross NPAs: Rs 7,634.75 crore, down from Rs 8,589.40 crore in Q3 FY24.
- Net NPAs: Rs 365.46 crore, compared to Rs 593.34 crore in Q3 FY24.
- GNPA Ratio to Gross Advances: 3.57%, improved from 4.69% in Q3 FY24.
- Net NPA Ratio to Net Advances: 0.18%, down from 0.34% in Q3 FY24.
Detailed Financials:
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Gross NPAs | Rs 7,634.75 crore | Rs 8,589.40 crore | Reduction of Rs 954.65 crore |
| Net NPAs | Rs 365.46 crore | Rs 593.34 crore | Reduction of Rs 227.88 crore |
| % of GNPA to Gross Advances | 3.57% | 4.69% | Improved by 112 bps |
| % of Net NPA to Net Advances | 0.18% | 0.34% | Improved by 16 bps |
Full Q3 Results Recap:
- Total Income (Q3 FY25): Rs 8,564.92 crore, up 13.1% YoY from Rs 7,514.27 crore in Q3 FY24.
- Net Profit: Rs 1,908.27 crore, a 30.8% increase YoY compared to Rs 1,458.18 crore in Q3 FY24.
- Net Interest Income (NII): Rs 4,228.22 crore, up 23.1% YoY from Rs 3,434.47 crore in Q3 FY24.
- Operating Profit: Rs 2,801.92 crore, up from Rs 2,326.55 crore in Q3 FY24.
- Provisions (Net): Rs 165.60 crore, down from Rs 319.85 crore in Q3 FY24.
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