IDBI bank profit of Rs. 2,439/- Crore I
IDBI Bank’s net profit rises 79%
According to IDBI Bank, the company’s net profit for the 2021-22 financial year has increased by 79% to Rs. 2439 / – crore. Net interest income increased by 7% to Rs. 9162 / – crore. The bank has reduced the cost of deposit by 3.56%. The loan portfolio distribution in corporate and retail is 37:63. The government and LIC together have 95% stake in the bank. The privatization of the bank was announced in February 2021
