IDBI Bank Q3 Net Profit Rises 1.4% to ₹1,935.5 Crore; NII Declines 24%

• IDBI Bank reported a net profit of ₹1,935.5 crore for Q3, a 1.4% increase year-on-year.
• Net Interest Income (NII) for the bank declined by 24% to ₹3,209.5 crore.
• Net Non-Performing Assets (NPA) decreased to ₹425.3 crore, with net NPA margin contracting to 0.18%.
• Gross NPA saw a slight increase to ₹6,281 crore, though the gross NPA ratio improved to 2.57%.
• IDBI Bank shares closed at ₹104.39, showing a 24.3% gain over the past year.

Why It Matters: IDBI Bank's Q3 net profit grew slightly despite a significant drop in Net Interest Income.