IDBI Bank Q3 net up 27 pc at Rs 223 cr | india | Hindustan Times
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IDBI Bank Q3 net up 27 pc at Rs 223 cr

State-run IDBI Bank on Friday reported a 26.61 per cent growth in net profit at Rs 222.63 crore for the third quarter ended December 31, 2008.

india Updated: Jan 23, 2009 16:57 IST

State-run IDBI Bank on Friday reported a 26.61 per cent growth in net profit at Rs 222.63 crore for the third quarter ended December 31, 2008.

The PSU lender had a net profit of Rs 175.84 crore in the same quarter of FY'08, IDBI Bank said in a filing to the Bombay Stock Exchange.

The bank's total income rose 43.36 per cent to Rs 3,513.33 crore for the quarter under review, from Rs 2,450.67 crore in the corresponding period last fiscal.

During the quarter, IDBI's interest income rose 56 per cent to Rs 3,247.30 crore and interest expenditure increased 46.49 per cent to Rs 2,731.01 crore.

For the nine-month ended December 2008, IDBI Bank posted a net profit of Rs 544.87 crore, a 12.47 per cent growth over the year-ago period.

The total income rose 33.13 per cent to Rs 9,286.82 crore during the nine-month period, from Rs 6,975.68 crore in the same period a year-ago.

Shares of IDBI Bank were trading at Rs 53.80, down 2.89 per cent on the BSE.