IDBI Bank's Q2FY19 revenue has declined by 25.8% yoy to Rs6,162cr. Its NII for the quarter came at Rs1,301cr as against Rs1,657cr yoy, which has declined by 21.5%. The bank reported a net loss of Rs3,602cr against net loss of Rs198cr reported in the corresponding quarter last year. Its GNPA for Q2FY19 stood at 31.8% against 30.78% qoq which has increased by 100bps qoq. NNPA for the quarter came at 17.3% against 18.8% qoq, which has decreased by 150bps qoq.
The bank's slippages in Q2FY19 were the lowest in the last six quarters.
IDBI Bank Ltd is currently trading at Rs. 60.50, up by 0.6 points or 1% from its previous closing of Rs. 59.90 on the BSE.
The scrip opened at Rs. 60 and has touched a high and low of Rs. 61.15 and Rs. 58.90 respectively. So far 1,14,87,360 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
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