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Friday, February 6, 2015

IDBI Bank Q3 net flat at Rs. 102.79 cr

Public sector IDBI Bank today reported a marginal decline in net profit at Rs. 102.79 crore for the October-December quarter of 2014-15.

The bank had a net profit of Rs. 103.96 crore in the third quarter of the 2013-14 fiscal.

Total income of the bank rose to Rs. 7,935.99 crore during the three-month period, from Rs. 7,149.88 crore in the corresponding period a year ago, the bank said in a statement.

The net non-performing assets (NPA) of the bank rose to 3.05 per cent of total advances, as against 2.93 per cent at the end of December 2013. The gross NPA stood at 5.94 per cent.

Interest income of the bank rose to Rs. 7,159 crore during the third quarter, from Rs. 6,617 crore in the same period a year ago.

Shares of IDBI Bank closed at Rs. 65.80, up 0.23 per cent over the previous close on the BSE.

Source : Thehindubusinessline


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