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IDBI Bank: IDBI Bank on Saturday said that it has made a net profit of about Rs 3,645 crore in FY23. The Board of Directors has recommended a dividend of Re 1 per equity share. IDBI Bank told the stock market that its board has approved disinvestment of additional stake of 0.01 per cent of the paid-up share capital of National Securities Depository Limited. With this, the total disinvestment of the bank’s stake is up to 11.11 per cent of the paid-up share capital of NSDL.
Bank’s provisioning figure remained like this
In the last financial year, IDBI Bank has achieved a total income of about Rs 24,941.76 crore, while in FY22 it was Rs 22,981.80 crore. The total profit earned in FY2023 is Rs 3,645 crore. Whereas in the last financial year it was Rs 2,439.27 crore. During the period under review, the provision made in other items except tax was Rs 3,497.86 crore. Which was Rs 3,886.54 crore in the last financial year.
There was a significant decline in the gross NPA of the bank
The gross NPA of the bank stood at Rs 10,969.29 crore as on March 31, 2023, as against Rs 34,114.83 crore as on March 31, 2022 and the net NPA stood at Rs 1,494.74 crore as against Rs 1,863.51 crore a year ago.
Important thing
In the last quarter of FY 2023 i.e. January-March, the bank’s net profit has increased by 64 percent to Rs 1,133 crore. At the same time, it has been Rs 3,645 crore in the entire financial year, which is the highest profit earned by the bank so far. Apart from this, the bank is going to give a dividend of 10 per cent to every shareholder, that is, on every share with a face value of Rs 10, IDBI Bank is going to give a dividend of Re 1 per share to its investors.
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