Tuesday, February 5, 2019

IDBI Bank's net loss widens

IDBI Bank has reported a loss for the ninth straight quarter. Net loss widened to Rs 4,185 crore in the quarter ended December from Rs 1,524 crore a year ago. 

 The net interest income also fell 18.5 per to 1357 Cr. The bank is now controlled by LIC.

IDBI shares lost Rs 3 (6%) and closed at Rs 49.75 in yesterday's trading.

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