IDBI Bank - Q4FY2013 Result Update - Nirmal Bang

- The bank operated better results on operational parameters however asset quality concerns continue to remain

- NII increased 18.9% YoY; PBP 33.4% YoY and PAT increased 33.0% QoQ

- Gross NPA though did not witnessed much increase on absolute basis, however the bank continued to report higher restructuring and write offs

- The stock is trading at P/ABV of 0.75x

Source : Equity Bulls

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