Net loss for the entire fiscal year 2019-20 stood at Rs12,887 crore against a loss of Rs15,116 crore in FY19 MUMBAI : IDBI Bank on Saturday reported a net profit of ₹135 crore in the quarter ended March as against a loss of ₹4,918 crore for Q4FY19.
It had posted a net loss for the past 13 quarters. However, net loss for the entire fiscal year 2019-20 stood at ₹12,887 crore against a loss of ₹15,116 crore in FY19.
As on March 31, the bank had made Covid-19 related provisions of ₹247 crore in Q4 FY20 against standard assets. The gross non-performing asset (NPA) ratio stood at 27.53% as against 27.47% as on March 31 last year and 28.72% as on December 31.