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IDBI's net loss at Rs 2,184 crore for Q3 FY15

IDBI's net loss at Rs 2,184 crore for Q3 FY15

Author | exchange4media News Service | Tuesday, Feb 16,2016 8:56 AM

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IDBI's net loss at Rs 2,184 crore for Q3 FY15

IDBI Bank Ltd has released its financial results for the quarter ended December 31, 2015. The report indicates a net loss of Rs 2,184 crore for the quarter ended December 31, 2015 and  Rs 1,929 crore for nine months period ended December 31, 2015 as against Rs 103 crore for the quarter ended December 31, 2014 and  Rs 327 crore for nine months period ended December 31, 2014.

IDBI’s aggregate assets as of December 31, 2015, stood at Rs 3,38,489 crore as against Rs 3,31,440 crore as of December 31, 2014 registering a growth of 2% while Operating Profit increased from Rs 3,239 crore to 3,775 Crore.

Total business (deposits and advances) as of December 31, 2015 stood at Rs 4,43,615  crore as against Rs 4,30,502  crore as of December 31, 2014 and CASA increased by 15% to Rs 58,662 crore from Rs 51,033 Crore.

The report also indicated that during this period the Saving Bank Deposit was up by 16% to Rs 34,425 crore from Rs 29,614 crore last fiscal.

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