IDBI Bank has announced a strong financial performance for the fiscal year 2024-25, with net profit surging by 33% to ₹7,515 crore. This compares to a net profit of ₹5,634 crore in the previous fiscal year. The bank's total income for FY25 increased to ₹33,826 crore from ₹30,037 crore in FY24.
In the March quarter of FY25, IDBI Bank's net profit rose by 26% to ₹2,051 crore, up from ₹1,628 crore in the same period last year. Total income for the quarter increased to ₹9,035 crore from ₹7,887 crore. The board has proposed a dividend of ₹2.10 per share, subject to shareholder approval.
The bank's asset quality also improved, with gross Non-Performing Assets (NPAs) reduced to 2.98% of gross advances as of March 31, 2025, compared to 4.53% at the end of March 2024. Net NPAs also decreased to 0.15% of advances from 0.34% a year ago.