May 25 (Reuters) - India’s IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter, hurt by higher provisions for bad loans.
That compared with a loss of 32 billion rupees a year earlier, the state-run lender said in a statement here on Friday.
Gross bad loans as a percentage of total loans stood at 27.95 percent at end-March, compared with 24.72 percent in the previous quarter and 21.25 percent a year ago. ($1 = 67.8350 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu)
