IDBI goes from ₹546 cr profit to ₹1,736 cr loss
State-owned lender IDBI Bank on Friday reported a net loss of ₹1,736 crore in the quarter ended March compared to a profit of ₹546 crore in the year-ago period. Further, revenue was down 11.8% year-on-year to ₹8,274 crore. The loss was attributed to a near doubling of the bank's gross non-performing assets (NPAs) to ₹3 lakh crore. 