IDBI Bank Limited — Important, 25-10-2024: Financial Result Updates

IDBI Bank Ltd. reported unaudited financial results for the quarter and half-year ending September 30, 2024. Key highlights include a net profit of ₹1,836.45 crore for the quarter, up from ₹1,719.27 crore year-over-year. Total income increased to ₹8,754.54 crore, while gross NPAs decreased to ₹7,653.13 crore. The capital adequacy ratio stands at 21.98%. The Board approved the results during its meeting on October 25, 2024, along with a limited review report.