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IDBI Banks' Q1 net profit up 33.61 percent
New Delhi, 01
Lending major IDBI Bankreported an
increase of 33.61 percent in its net profit for the first
quarter of the current fiscal at Rs.335.1 crore as compared to
Rs.250.8 crore in the like period of 2010-11.
"The bank has posted a net profit of Rs.3,351 million for the
quarter ended June 30, 2011 as compared to Rs.2,508.9 million
for the quarter ended June 30, 2010," the company said in a
regulatory filing to the Bombay Stock Exchange (BSE).
The total income of the company increased by 27.44 percent at
Rs.6,059.83 crore in the quarter under review as against
Rs.4,755.02 crore in the corresponding period of last fiscal.
"Total income has increased from
Rs.4,755.02 million for the quarter ended June 30, 2010 to
Rs.6,059.83 million for the quarter ended June 30, 2011," the
Meanwhile, the company reported an increase in its gross
non-performing assets (NPA)
at 2.10 percent as against 1.94 percent in the like quarter of