IDBI Bank reported Rs.1,736 crore loss for the quarter ended March 31

Public sector lender IDBI Bank reported Rs.1,736 crore loss for the quarter ended March 31 as gross non-performing assets doubled to Rs.24,875 crore or 10.98 per cent of its gross advances. The bank reported a profit of Rs.546 crore in the year-earlier period. This is the second consecutive quarter it posted a loss resulting in the bank reporting a loss of Rs.3,665 crore for FY 2015-16 compared to a profit of Rs.873 crore in the year earlier. The net NPA of the bank jumped to 6.78 per cent (Rs.14,643 crore) as on 31 March from 2.88 per cent (Rs. 5,993 crore)