Massive fall in bad loan pile, higher margins boost IDBI Q4 net income by 44%

The cost of deposits stood at 4.30 percent, up from 3.71 percent, and the cost of funds rose to 4.74 percent from 3.96 percent.

For the reporting quarter, net interest income improved by 12% to ₹3,688 crore as against ₹3,280 crore.

Total deposits rose to ₹2,77,657 crore as against ₹2,55,490 crore, of which the low cost CASA increased to ₹1,40,027 crore and CASA ratio stood at 50.43.

Net advances grew 16% to ₹1,88,621 crore as against ₹1,62,568 crore. The composition of corporate and retail advances portfolio stood at 30:70.

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