IDBI Bank will hold a meeting of the Board of Directors of the Company on 4 May 2024.Powered by Capital Market - Live News

IDBI Bank announced that India Ratings & Research has assigned IDBI Bank`s Certificates of Deposits `IND A1+` rating and affirmed existing ratings for other debt instruments as under:Basel III compliant bonds ( Rs 2000 crore) - IND AA-; Stable (affirmed) Omni infrastructure bonds (Rs 8000 crore) - IND AA-; Stable (affirmed) Basel III compliant tier II bonds (Rs 3000 crore) - IND AA-; Stable (affirmed) Fixed deposits - IND AA-; Stable (affirmed) Senior debt (Rs 3631 crore) - IND AA-; Stable (affirmed) Certificate of deposits (Rs 16000 crore) - IND A1+ (affirmed) Certificate of deposits (Rs 19000 crore) - IND A1+ (assigned) Powered by Capital Market - Live News

Net profit of IDBI Bank rose 59.66% to Rs 1508.53 crore in the quarter ended December 2023 as against Rs 944.82 crore during the previous quarter ended December 2022. Total Operating Income rose 25.23% to Rs 6548.98 crore in the quarter ended December 2023 as against Rs 5229.63 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Total Operating Income6548.985229.63 25 OPM %62.6851.00 - PBDT2034.161285.81 58 PBT2034.161285.81 58 NP1508.53944.82 60 Powered by Capital Market - Live News

IDBI Bank will hold a meeting of the Board of Directors of the Company on 20 January 2024.Powered by Capital Market - Live News

IDBI Bank announced that CRISIL has upgraded IDBI Bank`s Long Term Debt Instruments Ratings to CRISIL AA-/Stable from CRISIL A+/Stable & CRISIL AA/Stable from CRISIL AA-/Stable for fixed deposits and has reaffirmed Short Term Rating on certificate of deposit at CRISIL A1+. Powered by Capital Market - Live News