State-owned IDBI Bank today ran up a net loss of Rs 853 crore for the first quarter ended June, mainly hurt by higher provisioning against bad loans.

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It is the third straight quarter when the bank reported net loss. The bank had posted a profit of Rs 241.10 crore in April-June of 2016-17. Total income in the June quarter was Rs 6,730.88 crore, down from Rs 8,219.43 crore a year earlier, it said in a regulatory filing. Gross non-performing assets (NPAs) soared to Rs 50,173.20 crore, or 24.11 %, in the first quarter of 2017-18, from Rs 27,275.15 crore in the year-ago period.

Net NPA was 15.8 %, up from 7.47 % in the year-ago quarter. The stock closed at Rs 52.45, down 0.57 % from its previous close, on the BSE today .