IDBI Bank quarterly net profit rises to Rs.770.78 crore
New Delhi, April 21 (IANS) IDBI Bank Saturday reported a net profit of Rs.770.78 crore for the quarter ended March 31, against Rs.516.25 crore logged in the like period of the previous financial year.
The total income of the bank stood at Rs.6,856.42 crore during the quarter under review against Rs.5,700.65 crore in the like period of 2010-11, the company said in a regulatory filing.
The figures of the previous period include the working results of the two erstwhile wholly-owned subsidiaries of the bank, IDBI Home Finance and IDBI Gilts, for the period from Jan 1, 2011, to March 31, 2011, after merger with the bank. Accordingly, the figures of the previous year are not strictly comparable, it added.
During the year ended March 31, the group posted an increase in audited consolidated net profit at Rs.2,013.12 crore compared to Rs.1,563.51 crore during previous financial year.
The total income during the period under review stood at Rs.25,592.15 crore against Rs.20,838.19 crore.
The bank's net nonperforming assets were 1.61 percent in proportion to net assets as of March 31, higher than 1.06 percent a year earlier.
The bank has declared a final dividend of Rs.1.50 per share for the financial year 2011-12.
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