Categories: Business National

IDBI Bank posts net loss of Rs 2,254 crore


Chennai, Feb 7 (IANS) IDBI Bank on Tuesday said it closed last quarter with a higher net loss of Rs 2,254.96 crore.

In a regulatory filing with BSE, the bank said it has posted a net loss of Rs 2,254.96 crore for the quarter ended December 31, 2016, as compared to net loss of Rs 2,183.68 crore for the quarter ended December 31, 2015.

Total Income has decreased from Rs 7,361.86 crore for the quarter ended December 31, 2015, to Rs 7,104.21 crore for the quarter ended December 31, 2016.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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