IDBI Bank Q2 FY 2022 net profit up by 75% to Rs 567cr

Industrial Development Bank of India (IDBI Bank) has reported a net profit of INR 567 crores for the second quarter of the fiscal year 2022 (Q2 FY 2022), a 75% increase compared to a net profit of INR 324 crore for the same quarter of the previous fiscal year.

The basic earnings per share (EPS) of the Indian government-owned banking group for the reported quarter were INR 0.53, a reduction of 5% compared to EPS of INR 0.56 in Q1FY22.

The operating profit for IDBI Bank for Q2 FY 2022 is INR 1,209 crores, which is a year-over-year (YoY) growth of 15%.

IDBI Bank Q2 FY 2022 net profit up by 75% to Rs 567cr. Photo courtesy of Arunvrparavur/Wikipedia.org.

For the quarter ending 30 September 2021, IDBI Bank posted an interest income of INR 4,154 crores, a 16% decline compared to INR 4,916 crores in the same quarter of the previous fiscal year.