Mumbai: Industrial Development Bank of India Ltd (IDBI) on 18 July posted a net profit of Rs153.12 crore for the quarter ended 30 June where as it was Rs150.57 crore in the same period last year.
The total income for the first quarter grew at Rs2,193 crore where as the same was Rs1,668.34 crore in the period a year ago, the public sector bank informed in a filing to the Bombay Stock Exchange.
The erstwhile United Western Bank Ltd (UWB) was amalgamated with the Bank with effect from 3 October, 2006. The results for the quarter ended June 2007 include the operations of UWB and hence are not comparable with the results for the quarter ended June 2006, it said.
The shares of the bank dipped 3.27% and were last trading at Rs115.45 on the BSE.