IDBI Bank net zooms 54%

BS 200 SCORECARD

IDBI Bank today announced a 53.72 per cent rise in its net profit to Rs 55.8 crore in the quarter ended December 31, 2004 against Rs 36.27 per cent in the corresponding quarter last fiscal. Its total income has increased to Rs 322.03 crore against Rs 242.37 crore in the corresponding quarter last fiscal.

The bank's net profit in the first nine months of the current fiscal rose to Rs 130.21 crore up 37.3 per cent against Rs 94.81 crore in the corresponding period last fiscal.

Total income rose to Rs 869.65 crore against Rs 687.12 crore. Net interest income during the period ended December 31, 2004 rose by 20.4 per cent to Rs 106.9 crore against Rs 88.8 crore. Its other income to Rs 81.79 crore against Rs 50.07 crore.

The bank's net NPAs stood at 1 per cent of its net worth. The capital adequacy ratio for the quarter ended December 31, 2004 stood at 8.58 per cent against 9.74 per cent in the corresponding quarter last fiscal.