IDBI Bank posts net loss of ₹2,183 crore
State-owned IDBI Bank on Friday posted a net loss of ₹2,183.68 crore for the quarter ended December against a net profit of ₹102.79 crore reported in the corresponding period last year. The bank's income for the quarter fell by 7.2% year-on-year to ₹7,362 crore. The loss was attributed to an over three-fold jump in provisions for bad loans. 