HT Bureau
GUWAHATI, Jan 21: IDBI Bank has delivered a stellar financial performance for the third quarter of FY25, reporting a net profit of ₹1,908 crore. This marks a 31% year-on-year (YoY) increase and a 4% growth over the previous quarter.
The bank’s Net Interest Income (NII) rose by 23% YoY to ₹4,228 crore, supported by a healthy Net Interest Margin (NIM) of 5.17%, an improvement of 45 basis points (bps) from the same period last year. Operating profit for the quarter stood at ₹2,802 crore.
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Asset quality showed significant improvement, with Gross Non-Performing Assets (NPA) reducing to 3.57% from 4.69% in December 2023, and Net NPA declining to 0.18% from 0.34%. The Provision Coverage Ratio (PCR) increased to 99.47%, reflecting a YoY gain of 30 bps.
The bank’s capital position remained strong, with a Capital to Risk-Weighted Assets Ratio (CRAR) of 21.98%, an improvement of 166 bps YoY. The cost-to-income ratio improved to 43.71% from 47.22%, highlighting greater operational efficiency.
Deposits grew by 9% YoY to ₹2,82,439 crore, while net advances increased by 18% YoY to ₹2,06,807 crore. The cost of deposits stood at 4.63%, compared to 4.34% in the same quarter last year.
Return on Assets (ROA) for the quarter was 1.99%, a YoY growth of 29 bps, while Return on Equity (ROE) rose to 20.13%, reflecting a YoY improvement of 56 bps.
This robust performance demonstrates IDBI Bank’s consistent focus on growth, profitability, and improved asset quality, reaffirming its strong position in the banking sector.
