IDBI Bank Q4 Results: IDBI Bank announces Rs 3,645 crore PAT, declares Rs 1 per share dividend

IDBI Bank Q4 Results: IDBI Bank on Saturday announced its Q4 results, declaring a net profit of about Rs 3,645 crore. The bank's board of directors have also recommended a dividend of Re 1 per equity share. In a regulatory filing on Saturday (April 29, 2023), the IDBI Bank also said its Board has granted approval for divestment of an additional stake of 0.01 per cent of the paid up share capital of National Securities Depository Ltd. (NSDL). With this, the total divestment of bank's stake up to 11.11 per cent of NSDL's paid-up share capital.

Last fiscal, IDBI Bank had earned a total income of about Rs 24,941.76 crore (FY22 Rs 22,981.80 crore) and a net profit of about Rs 3,645 crore (Rs 2,439.27 crore).

During the period under review, the provisions (other than tax) and Contingencies (Net) (Including write offs) was Rs 3,497.86 crore (Rs 3,886.54 crore).

The bank's gross non-performing assets (GNPA) as on the quarter ended  March 31 were at about Rs 10,969.29 crore (as on 31.3.2022 Rs 34,114.83 crore) and net NPA was at about Rs 1,494.74 crore (Rs 1,863.51 crore).

(With inputs from IANS)