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IDBI Bank's Jan-Mar quarter sees 44% surge in net profit.
short by Kalpesh / on Sunday, 5 May, 2024
The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of the previous financial year.The bank's net interest margin declined to 4.91 per cent from 5.01 per cent in the year-ago quarter.
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