IDBI Bank's Jan-Mar quarter sees 44% surge in net profit.

The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of the previous financial year. The bank's net interest margin declined to 4.91% from 5.01% in the year-ago quarter.