IDBI Bank posts Q3 net profit of Rs 378 cr as NII grows

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Life Insurance Corporation -owned IDBI Bank reported a standalone net profit of Rs 378 crore for December quarter 2020-21 on the back of healthy growth in interest income. The lender, which is under the Reserve Bank of India’s prompt corrective action (PCA) since May 2017, had reported a standalone net loss of Rs 5,763 crore in the year-ago quarter.

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