News Analysis

IDBI Bank reports consolidated net loss of Rs 3,821 crore in Q1FY20

IDBI Bank has reported results for first quarter ended June 30, 2019. 

The Bank has reported net loss of Rs 3800.84 crore for the quarter under review as compared to net loss of Rs 2409.89 crore for the same quarter in the previous year. Total income of the Bank decreased by 7.47% at Rs 5923.93 crore for Q1FY20 as compared Rs 6402.39 crore for the corresponding quarter previous year.   

On the consolidated basis, the Bank has reported net loss of Rs 3,821.27 crore for the quarter under review as compared to net loss of Rs 2,383.03 crore for the same quarter in the previous year. Total income of the Bank decreased by 8.07% at Rs 5,927.76 crore for Q1FY20 as compared Rs 6,447.82 crore for the corresponding quarter previous year.