IDBI Bank Q3 loss widens to Rs 2,255 cr on bad loans

Public sector lender IDBI Bank’s net loss widened to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income. 

The bank had reported a net loss of Rs 2,183.68 crore in the October-December quarter of FY16. 

“Total income has decreased to Rs 7,104.21 crore for the quarter ended December 2016 from Rs 7,361.86 crore in the same quarter a year ago,” IDBI Bank said.

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