MUMBAI :Private sector lender IDBI Bank was able to restrict its net non-performing asset ratio to less than 0.5% in the three months through June, aided by a strategy to aggressively set aside provisions. The bank’s net NPAs stood at 0.44% of net advances as on 30 June, down 48 basis points (bps) from the previous quarter. Its gross bad loans were at 5.05% in the June quarter, as against 6.38% in the March quarter.
Private sector lender IDBI Bank was able to restrict its net non-performing asset ratio to less than 0.5% in the three months through June, aided by a strategy to aggressively set aside provisions. The bank’s net NPAs stood at 0.44% of…
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