IDBI Bank shares hit; PSBs face NPA8217;s

IDBI Bank shares fall 1.9 percent,a day after the public sector lender posted a lower-than-expected April-June net profit of 7.71 billion Indian rupees 138.63 million.

Analysts say the lender faced higher provisioning expenses of 5.07 billion rupees in the previous quarter,after gross and net non-performing asset levels rose by 3.2 percent and 2.1 percent,respectively.

Last week state-run lenders,including Punjab National Bank PNB and Central Bank of India reported a rise in bad loans,sending their shares sharply lower. 1 = 55.6150 Indian rupees

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