Net interest income, the difference between interest earned and interest expended, rose 12% on year to Rs 3,066.49 crore.
The state-owned lender had a provision write-back of Rs 227.5 crore in the quarter. In the same period last year its provisions was Rs 771 crore.
Gross non-performing assets ratio of the lender as of September 30 was 4.90%, sharply down from 16.51% a year ago, and 5.05% a quarter ago.
Net non-performing assets ratio as of September 30 was 0.39%, down from 1.16% a year ago, and 0.44% a quarter ago.
The capital adequacy ratio under Basel-III norms stood at 21.26% as of September end, compared to 20.33% a quarter ago. The CET-I ratio was 18.86% as of September end, compared to 17.93% a quarter ago.
The provision coverage ratio (including technical write-offs) was 99.10% as of September 30, compared to 98.99% a quarter ago.Operating expenses for the quarter was Rs 1,884.2 crore, compared to Rs 1,618 crore a year ago. Operating profit for the quarter fell to Rs 2,072 crore, from Rs 2,208 crore a year ago. Net interest margin for the quarter at 4.33%, was down 4 basis points on year and 147 bps sequentially.
On Friday, shares of IDBI Bank ended 2.3% down on the National Stock Exchange at Rs 66.95.
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