IDBI Bank has reported a 31 percent rise in standalone net profit to Rs 1,908.27 crore for the third quarter ended on December 31, 2024 with the net profit standing at Rs 1,458.18 crore in the October-December quarter of the previous year.
The total income of the bank increased to Rs 8,564.92 crore in the third quarter of the current fiscal from Rs 7,514.27 crore in the year-ago period, the bank said in a regulatory filing to stock exchanges.
Also, the bank’s interest income rose to Rs 7,815.57 crore from Rs 6,540.86 crore in the same period last fiscal. The bank’s Net Interest Income (NII) grew 23.1 percent to Rs 4228.22 crore as against Rs 3434.47 crore in the same quarter of FY24.