IDBI Bank Ltd. on Tuesday reported its first quarter net profit of ₹144 crore as against net loss of ₹3,801 crore in the same period last year. Total income for the period ended June 30, 2020 declined to ₹5,901 crore as compared with ₹5,924 crore in the same period last year.
Interest income earned was ₹4,897 crore as compared to ₹5,091 crore in the same period last year.
During the quarter, the bank made further COVID-19 related provisions of ₹189 crore (cumulative provision of ₹436 crore).
The provision coverage ratio is 94.71%, it added.
