IDBI Bank announced Q1FY24 results: Net profit at Rs 1,224 crore, YoY growth of 62%. Operating profit at Rs 3,019 crore, YoY growth of 47%. NIM at 5.80%, YoY growth 178 bps. Cost of deposit stood at 4.12%. CRAR stood at 20.33% with a YoY growth of 76 bps. Return on assets (ROA) at 1.49%, YoY growth of 46 bps. Return on equity (ROE) at 18.63%, YoY growth of 383 bps. Net NPA at 0.44%, as against 1.26% as on June 30, 2022, down by 82 bps. Gross NPA at 5.05% as against 19.90% as on June 30, 2022, down by 1485 bps. PCR stood at 98.99%, as against 97.78% as on June 30, 2022, up by 121 bps. Net interest income improved by 61% for Q1FY24 to Rs 3,998 crore as against Rs 2,488 crore for Q1FY23 Result PDF