Home Business IDBI Financial institution This autumn web up 35% at Rs 691 crore

IDBI Financial institution This autumn web up 35% at Rs 691 crore

IDBI Financial institution This autumn web up 35% at Rs 691 crore

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MUMBAI: IDBI Bank has reported a web profit of Rs 691 crore for the quarter ended March 2022, a rise of 35% over Rs 512 crore within the corresponding quarter final yr.
The financial institution’s gross advances stood at Rs 1,78,207 crore as on March 31, 2022, progress of 10.07% whereas web advances grew 14% to Rs 145772 crore.
The financial institution’s web NPA ratio improved to 1.27 % as on March 31, 2022 as towards 1.97% as on March 31, 2021.
Throughout FY22, the financial institution’s restoration from write off accounts elevated to Rs 846 crore throughout FY 2022 as in comparison with Rs 547 crore for FY21.
Because of the deal with low price funds, the financial institution’s deposit base grew solely marginally to Rs 2.33 lakh crore in FY22 from Rs 2.31 lakh crore in FY21.
Low price present and financial savings account deposits grew 14% to Rs 1,32,359 crore as on March 31, 2022 as towards Rs 1,16,446 as of March 2021.

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