IDBI Bank's Remarkable Financial Growth

IDBI Bank has announced an impressive 26% increase in its net profit for the March quarter of FY25, reaching Rs 2,051 crore, up from Rs 1,628 crore in the same period last year. This significant growth underscores the bank's robust financial health and operational efficiency.

Annual Performance Highlights

For the full fiscal year 2024-25, IDBI Bank posted a net profit of Rs 7,515 crore, marking a 33% increase compared to the previous year. The bank's total income also saw a rise, reaching Rs 33,826 crore, up from Rs 30,037 crore in FY24.

Improved Asset Quality

The bank has made notable improvements in its asset quality, with gross NPAs declining to 2.98% of gross advances by March 31, 2025, and net NPAs dropping to 0.15%. These figures reflect the bank's effective management and strategic initiatives to reduce bad loans.

Dividend Proposal

In a move to reward its shareholders, the bank's board has proposed a dividend of Rs 2.10 per share, subject to approval. This decision highlights the bank's commitment to delivering value to its investors.