Mumbai: The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of the previous financial year.The bank’s net interest income (NII) rose 12 per cent to Rs 3,688 crore from Rs 3,280 crore while return on assets (RoA) improved by 39 bps to 1.82 per cent for Q4 as compared to 1.43 per cent in the same quarter of the previous year.IDBI Bank’s Board of Directors have recommended a dividend of Rs 1.50 per equity share for the financial year ended March 31, 2024.The bank’s net interest margin (NIM) declined to 4.91 per cent from…
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IDBI Bank registers 44 percent jump: Report
