IDBI Bank Q2 Net Profit Falls 39% to ₹2,205 Crore
IDBI Bank’s net profit fell from ₹3,627 crore a year earlier, as lower other income weighed on September-quarter results. The prior-year period included a one-off gain of ₹1,699 crore.
Our Bureau Mumbai: Net profit at IDBI Bank, recently privatized in India's largest cross-border banking M&A, fell 39% in the September quarter to 2,205 crore from 3,627 crore a year earlier due to lower other income.The year-ago period profit was boosted by one-off gains of 1,699 crore gain from th…