May 25, 2018 / 9:43 AM / in 5 months

India's IDBI Bank posts Q4 loss of $835 mln

May 25 (Reuters) - India’s IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter, hurt by higher provisions for bad loans.

That compared with a loss of 32 billion rupees a year earlier, the state-run lender said in a statement here on Friday.

Gross bad loans as a percentage of total loans stood at 27.95 percent at end-March, compared with 24.72 percent in the previous quarter and 21.25 percent a year ago. ($1 = 67.8350 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below