{"id":186625,"date":"2018-08-14T13:33:56","date_gmt":"2018-08-14T13:33:56","guid":{"rendered":"http:\/\/151.106.38.4\/2018\/08\/14\/idbi-bank-net-loss-widens-to-rs-2410-crore-in-first-quarter-2\/"},"modified":"2018-08-14T13:33:56","modified_gmt":"2018-08-14T13:33:56","slug":"idbi-bank-net-loss-widens-to-rs-2410-crore-in-first-quarter-2","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2018\/08\/14\/idbi-bank-net-loss-widens-to-rs-2410-crore-in-first-quarter-2\/","title":{"rendered":"IDBI bank net loss widens to  Rs 2410 crore in first quarter"},"content":{"rendered":"<p><img src=\/old_site\/http:\/\/new.nagalandpost.com\/cms\/gall_content\/no_images_650x.jpg><\/p>\n<p>&nbsp;IDBI Bank reported a wider net loss of Rs 2,409.90 crore for the first quarter ending June 2018. The loss widened from Rs 853 crore registered in the same quarter a year ago, due to a jump in non-performing assets (NPAs) and provisions.<\/p>\n<p>In the fourth quarter ending March 2018, the net loss stood at Rs 5,663 crore.<\/p>\n<p>Provisions during the quarter spiked over 157 percent to Rs 5,236 crore versus Rs 2,036 crore a year ago. It reduced by half from Rs 10,544 crore in the March quarter.<\/p>\n<p>Provisions towards bad loans jumped 146 percent YoY to Rs 4,602 crore from Rs 1,873 crore. March quarter provisions stood at Rs 10,773 crore.<\/p>\n<p>IDBI Bank&rsquo;s capital adequacy ratio (CAR) dipped to 8.18 percent, below the RBI regulatory requirement of 9 percent.<\/p>\n<p>Total advances as on June end declined by 15 percent to Rs 1.58 lakh crore while total deposits decreased by a percent to Rs 2.40 lakh crore.<\/p>\n<p>As a percentage of total loans, gross non-performing assets (NPA) ratio worsened to 30.78 percent from 27.95 percent in the March quarter.<\/p>\n<p>Net NPA ratio also increased to 18.76 percent from 16.69 percent in the previous quarter.<\/p>\n<p>In absolute terms, gross NPAs increased to Rs 57,807 crore from Rs 55,588 crore. Net NPAs stood higher at Rs 29,981 crore from Rs 28,665 crore.<\/p>\n<p>In a breather, the bank&rsquo;s net interest income (NII) for the quarter rose by 17 percent to Rs 1,639 crore in June 2018 as against Rs 1,402 crore in June 2017.<\/p>\n<p>Other income or non-interest income reduced marginally at Rs 643 crore from Rs 686 crore in the same quarter last year. Sequentially, other income dropped by 76 percent.<\/p>\n<div>&nbsp;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>IDBI bank net loss widens to  Rs 2410 crore in first quarter<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-186625","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/186625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=186625"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/186625\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=186625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=186625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=186625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}