IDBI Bank net at Rs 159.76 cr, interest income grows 35 pc

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Posted: 2008-07-22 14:34:48+05:30 IST
Updated: Jul 22, 2008 at 1434 hrs IST

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Mumbai, July 22:: Industrial Development Bank of India (IDBI) on Tuesday announced the first quarter standalone net profit at Rs 159.76 crore, a 4.34 per cent growth over the corresponding period a year-ago.

IDBI had a net profit of Rs 153.12 crore in the first quarter of FY’08, the public sector bank said in a filing to the Bombay Stock Exchange.

The total income rose to Rs 2,739.12 crore in the latest quarter, from Rs 2,193 crore in the year-ago period.

During the June quarter, the bank’s interest income increased 34.85 per cent to Rs 2,417.64 crore, from Rs 1,792.79 crore in the same period in FY’08.

Shares of IDBI Bank were trading at Rs 70.15, up 2.56 per cent in the afternoon trade on the Bse.

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IDBI Bank net at Rs 159.76 cr, interest income grows 35 pc

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