Mumbai : The Board of Directors of IDBI Bank Ltd. (IDBI Bank) met in Mumbai today and approved the financial results for the Quarter ended March 31, 2021.
Major Highlights
Operating Performance
Business Growth
Asset Quality
Capital Position
COVID 19 Impact
Since the intensity of the local lockdowns is still evolving and dynamic, Bank has preferred to have conservative and a pragmatic approach and have adequate provision made in March 2021 quarter to partially offset the impact and accordingly has provided ₹ 500 crore in addition to the COVID-19 provision. The total cumulative provisions held towards COVID-19 are ₹ 863 crore (other than provisions held for restructuring under COVID-19 norms)
IDBI – LIC Synergies for FY 2021
Significant Developments
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