IDBI Bank net inches up to Rs 416.76 cr in Q3

State-owned IDBI Bank today reported a marginal 1.7 per cent increase in net profit at Rs 416.76 crore for third quarter ended December 31, 2012.

The bank had posted a net profit of Rs 409.81 crore for the same quarter of last fiscal, IDBI Bank said in a filing to the BSE. 

Total income of the bank increased to Rs 7,070.19 crore during the October-December quarter, from Rs 6,281.83 crore in the year-ago period. 

For the first nine months of 2012-13, the bank has clocked 5.3 per cent rise in net profit, to Rs 1,327.64 crore, from Rs 1,260.83 crore in the same period of the previous fiscal. 

The bank reported a total income of Rs 20,740.03 crore in the first three quarters, compared to Rs 18,616.14 crore in the same period last financial year.