IDBI Bank suffered a loss of Rs 2,184

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Judul : IDBI Bank suffered a loss of Rs 2,184
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IDBI Bank suffered a loss of Rs 2,184

 IDBI Bank suffered a loss of Rs 2,184 crore for the three months ended December 31, the highest ever reported by an Indian bank for a quarter.

The record loss from IDBI Bank comes after state-owned Indian Overseas Bank and Bank of India also reported huge losses — Rs 1,425 crore and Rs 1,510 crore, respectively — for the past quarter
 


Bank of Baroda, the country’s second largest public sector bank, on Saturday reported a loss of Rs.3,342 crore as bad loans and provisions against such loans surged. The reported loss would have been higher if it wasn’t for a tax write back of Rs.1,118 crore taken during the quarter.

 IDBI Bank suffered a loss of Rs 2,184 crore for the three months ended December 31, the highest ever reported by an Indian bank for a quarter.

The record loss from IDBI Bank comes after state-owned Indian Overseas Bank and Bank of India also reported huge losses — Rs 1,425 crore and Rs 1,510 crore, respectively — for the past quarter
 


Bank of Baroda, the country’s second largest public sector bank, on Saturday reported a loss of Rs.3,342 crore as bad loans and provisions against such loans surged. The reported loss would have been higher if it wasn’t for a tax write back of Rs.1,118 crore taken during the quarter.



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