BackIDBI Bank Q3 net up 27% to Rs223 cr
IDBI Bank Q3 net up 27% to Rs223 cr
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Mumbai: State-run IDBI Bank on Friday reported a 26.61% growth in net profit at Rs222.63 crore for the third quarter ended 31 December, 2008.
The PSU lender had a net profit of Rs175.84 crore in the same quarter of FY’08, IDBI Bank said in a filing to the Bombay Stock Exchange.
The bank’s total income rose 43.36% to Rs3,513.33 crore for the quarter under review, from Rs2,450.67 crore in the corresponding period last fiscal.
During the quarter, IDBI’s interest income rose 56% to Rs3,247.30 crore and interest expenditure increased 46.49% to Rs2,731.01 crore.
For the nine-month ended December 2008, IDBI Bank posted a net profit of Rs544.87 crore, a 12.47% growth over the year-ago period.
The total income rose 33.13% to Rs9,286.82 crore during the nine-month period, from Rs6,975.68 crore in the same period a year-ago.
Shares of IDBI Bank were trading at Rs53.80, down 2.89% on the BSE.
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