IDBI Bank Q2 loss at Rs 198 cr – Banking Finance

IDBI Bank yeah cut its net loss sharply to|to Rs 198 crore in the nyakumi|the|every next quarter ,|and|or is|or is against Rs 853 crore out the|the|every preceding quarter.Addressing mediapersons here to|to day ,|and|or is|or still IDBI all general manager RBG – North II ,|and|or is|or still Kumar Neel Lohit ,|and|or is|or still also the|the|every zonal head ,|and|or is|or currently Chandigarh zone ,|and|or is|or currently said the|the|every performance of the|the|every zone had also been robust with|with the|the|every Current Account ,|and|or is|or is Savings Account (CASA) growth of 28 per cent ,|and|or is|or currently advances growth of 10 per cent ,|and|or is|or still agri small ,|and|or is|or currently marginal farms development of 17 per cent. He said the|the|every in full enjoy income was up by four per cent year-on-year to|to Rs 1,657 crore. Other income jumped to|to 64 per cent year-on-year to|to Rs 2,293 crore.

This includes amount realised at account of divestment of thi part of its stake in Small Industries Development Bank of India (Rs1,266.45 crore) ,|and|or is|or currently Clearing Corporation of India (Rs 70.96 crore). Net tatt edge (NIM) improved to|to 2.17 per cent in the|the|every reporting quarter as compared to|to 1.90 per cent quarter ending September 2016.

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