Chennai: IDBI Bank on Saturday said that it had closed FY23 with a net profit of about Rs 3,645 crore and the Board of Directors have recommended a dividend of Re 1 per equity share.
In a regulatory filing, the IDBI Bank also said its Board has granted approval for the divestment of an additional stake of 0.01 per cent of the paid-up share capital of National Securities Depository Ltd. (NSDL). With this the total divestment of the Bank’s stake is up to 11.11 per cent of NSDL’s paid-up share capital.
Last fiscal IDBI Bank earned a total income of about Rs 24,941.76 crore (FY22 Rs 22,981.80 crore) and a net profit of about Rs 3,645 crore (Rs 2,439.27 crore).
During the period under review, the provisions (other than tax) and Contingencies (Net) (Including write-offs) were Rs 3,497.86 crore (Rs 3,886.54 crore).
The bank’s gross non-performing assets (GNPA) as of 31.3.20233 stood at about Rs 10,969.29 crore (as of 31.3.2022 Rs 34,114.83 crore) and net NPA at about Rs 1,494.74 crore (Rs 1,863.51 crore).