IDBI Bank today, announced its quarterly results for Q4 FY24. Net Profit surges to all time high at ₹5,634 crore for the year with YoY growth of 55% and ₹1,628 crore for Q4 FY 24 with QoQ growth of 12%.
The operating profit stood at ₹9,592 crore. NIM was recorded at 4.93%, and Net Interest Income stood at ₹3,688 crore with a YoY growth of 12%. Cost of Deposit stood at 4.48% for Q4-2024 as compared to 3.71% for Q4-2023.
CRAR stood at 22.26% with YoY growth of 182 bps. Return on Assets (ROA) was recorded at 39 bps to 1.82% for Q4-2024 as compared to 1.43% for Q4-2023 and Return on Equity (ROE) stood at 19.50%, (YoY growth of 335 bps). Net NPA at 0.34%, down from 0.92% as on March 31, 2023. Gross NPA at 4.53%, down from 6.38% as on March 31, 2023. PCR stood at 99.09% as against 97.94% on March 31, 2023.