IDBI Bank Q3: NII Plunges 24%, Profit Up 1.4% Amidst Asset Quality Improvement

• IDBI Bank reported a 1.4% year-on-year profit growth to ₹1,935.5 crore in Q3.
• Net Interest Income (NII) saw a sharp 24% decline, falling to ₹3,209.5 crore.
• Asset quality improved with Net NPA at 0.18% and Gross NPA at 2.57% quarter-on-quarter.
• Profit growth was driven by a rise in other income, reduced tax expenses, and lower provisioning burden.
• The bank's other income increased significantly to ₹1,209 crore from ₹749 crore last year.

Why It Matters: IDBI Bank's Q3 profit grew marginally despite a sharp NII fall, supported by improved asset quality.