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IDBI Bank reports Q4, net loss widens to Rs 3,200 crore

Equitypandit_IDBI_Bank

On Thursday, the IDBI Bank has posted a net loss of Rs 3,199.76 crore for the quarter ended March 31, 2017.

The bank had posted a net loss of Rs 1,735.81 crore in the corresponding quarter of last year.

However, the bank’s net interest income has been increased 14.44 percent to Rs 1,633.29 crore for the quarter under review as compared with Rs 1,427.24 crore of the same quarter of last year.

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