IDBI Bank reported a sharp drop in net profit at Rs 105 crore in the April-June quarter as against Rs 307 crore in the year-ago period.
Profitability in the reporting quarter was dragged down by lower net interest income (NII) and other income.
NII was at Rs 1,249.55 crore (Rs 1,475.04 crore in the year-ago period) and other income was at Rs 500 crore (Rs 717 crore).
The public sector bank’s shares were trading down 6.30 per cent at Rs 85.50 a share on the BSE at 2.25 pm.