IDBI Bank’s Q2 FY25 results show a notable improvement in asset quality:
Gross NPA ratio improved to 3.68% as of September 30, 2024, down from 4.90% as of September 30, 2023.
Net NPA ratio improved significantly to 0.20% as of September 30, 2024, from 0.39% in the previous year.
The Provision Coverage Ratio (PCR), including technical write-offs, rose to 99.42% as of September 30, 2024, up from 99.10% in the same period last year.
The improvement in asset quality is a positive indicator of IDBI Bank’s ongoing efforts to strengthen its financial position and reduce non-performing assets.
