IDBI Bank Q3 net up 2% at R416.76 cr

Written by Press Trust of India | Mumbai | Updated: Jan 19 2013, 07:47am hrs
State-owned IDBI Bank on Friday reported a marginal 1.7% increase in net profit at R416.76 crore for third quarter ended December 31, 2012.

The bank had posted a net profit of R409.81 crore for the same quarter of last fiscal, IDBI Bank said in a filing to the BSE. Total income of the bank increased to R7,070.19 crore in October-December quarter, from R6,281.83 crore in the year-ago period.

For the first nine months of 2012-13, the bank has clocked 5.3% rise in net profit, to R1,327.64 crore, from R1,260.83 crore in the same period last year. The bank reported a total income of R20,740.03 crore in the first three quarters, compared with R18,616.14 crore in the same period last financial year.