IDBI Bank Q3 Profit Up 1.4% to Rs 1,935.5 Cr, NII Drops 24%

• IDBI Bank reported a standalone net profit of Rs 1,935.45 crore for the October-December quarter, a 1.4% increase year-on-year.
• Net interest income (NII) for the bank declined by 24% to Rs 3,209.5 crore compared to the same quarter last year.
• Net non-performing assets (NPA) decreased from Rs 474.2 crore in the previous quarter to Rs 425.3 crore.
• The bank's net NPA margin contracted to 0.18% from 0.21% in the prior quarter.
• Gross NPA saw a slight increase, rising from Rs 6,242 crore to Rs 6,281 crore in the third quarter.

Why It Matters: IDBI Bank's Q3 net profit rose marginally despite a significant drop in net interest income.