IDBI Bank Up 2.5% Post Q3 Earnings

New Delhi: Shares of IDBI Bank on Monday climbed almost 2.50 per cent after the firm report-ed a 31 per cent growth in net profit to Rs 1,908 crore in the December quarter on lower provi-sioning and better interest income. The company’s stock went up by 2.46 per cent to settle at Rs 86.12 on the BSE. During the day, it jumped 4.11 per cent to Rs 87.51. At the NSE, it advanced 1.58 per cent to Rs 85.34. The LIC-controlled bank reported a net profit of Rs 1,458 crore in the year-ago period.