IDBI Bank Q1 Results: Net profit rises 40% YoY to Rs 1,719 crore, NII drops 19%

On Monday, IDBI Bank announced a 40% year-on-year (YoY) increase in its standalone net profit to Rs 1,719 crore for the first quarter ending June 2024. In the corresponding quarter of the previous year, the net profit was Rs 1,224 crore.