The public sector bank reported net interest income of Rs 9,162 crore for the financial year 2021-22, recording an increase of 7%.
It brought down its cost of deposits to 3.56% from 4.29% a year ago. It had made gross advances of Rs. 1,78,207 crore in the financial year ended 31 March 2022.
The loan portfolio of the bank is split 37:63 between corporate and retail. The government and state-run Life Insurance Corporation of India together hold 95% of Bank.
The government had announced plans for the privatisation of IDBI Bank in February 2021.