Friday 27 Nov, 2020 04:12 PM
Site map | Locate Us | Login
   Garware Technical jumps after board OKs Rs 73 crore buyback    India Tourism Development Corporation Ltd leads losers in 'A' group    Viji Finance Ltd leads losers in 'B' group    Volumes soar at Amber Enterprises India Ltd counter    L&T gains on signing contract with NHSRCL    Telecom stocks ease    Information Technology stocks slide    Energy stocks edge lower    GE Shipping contracts to sell of two oldest Suezmax crude carriers    United Breweries Ltd eases for fifth straight session    Canara Bank gains for third straight session    Welspun Corp Ltd in demand    GAIL (India) Ltd soars 1.65%, up for third straight session    Alkem Laboratories Ltd spurts 1.1%    Coal India Ltd spurts 0.64%, gains for five straight sessions 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
IDBI Bank rises after decent Q2 performance
23-Oct-20   13:44 Hrs IST

Total income fell 7.54% to Rs 5,761.06 crore in Q2 September 2020 from Rs 6,231.02 crore in Q2 September 2019. The result was announced during market hours today, 23 October 2020.

IDBI posted a pre-tax profit of Rs 665.05 crore in Q2 September 2020 as against pre-tax loss of Rs 4,631.88 crore in Q2 September 2019. The bank made total tax provision of Rs 340.65 crore in second quarter of FY21.

The bank's gross non-performing assets (NPAs) stood at Rs 41,090.53 crore as on 30 September 2020 as against Rs 44,475.20 crore as on 30 June 2020 and Rs 52,052.78 crore as on 30 September 2019. The ratio of gross NPAs to gross advances stood at 25.08% as on 30 September 2020 as against 26.81% as on 30 June 2020 and 29.43% as on 30 September 2019. The ratio of net NPAs to net advances stood at 2.67% as on 30 September 2020 as against 3.55% as on 30 June 2020 and 5.97% as on 30 September 2019.

The bank's provisions and contingencies slumped 89% to Rs 581.15 crore in Q2 September 2020 over Q2 September 2019. The bank has made COVID-19 related provision of Rs 247 crore in March 2020 quarter and Rs 189 crore in June 2020 quarter (cumulative COVID 19 related provision of Rs 436 crore as at 30 September 2020). IDBI Bank's provision coverage ratio stood at 95.96% in Q2 September 2020.

IDBI Bank offers a wide range of products from savings and current bank account to loans for retail and MSME customers or agri-loans to farmers.

As on 30 September 2020, the Government of India holds 47.11% stake, while Life Insurance Corporation of India held 51% stake in the IDBI Bank.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.G Anand , anand@ssplwealth.com
Hit Count : 15275550
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016  |  MCX : INZ000081736
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 12815 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. Saravana Stocks Pvt. Ltd