IDBI Bank's net profit tripled to Rs 603 crore in the quarter ended June 2021 from Rs 144 crore a year ago, led by a sharp rise in other income. On Q1 numbers, Rakesh Sharma MD and CEO of IDBI Bank said gross NPAs have slightly come down QoQ and slippages have gone up to 2.5% annualised. Hopefully, the bank will be able to contain slippages within 2% but not beyond 2.5%. Q1 also saw lower credit cost of 63bps. What is the outlook on asset quality, loan growth and profit margins for FY22? Are there any updates on Govt/LIC divesting stake in the bank? Watch this detailed interview to find out more.
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