State sector lender IDBI Bank today reported a jump of 58.13 per cent in its net profit at Rs 454.08 crore for the third quarter ended December 31, 2010.
It had a net profit of Rs 287.15 crore during the corresponding quarter of last fiscal, IDBI Bank said in a filing to the Bombay Stock Exchange.
The bank also reported an increase of 16.38 per cent in its total income during the third quarter at Rs 5,159.54 crore as against Rs 4,433.40 crore in the year-ago period, it added.
IDBI Bank's total business grew by over 12 per cent to Rs 2,84,729 crore during the quarter under review from Rs 2,54,075 crore in the corresponding period of 2009-10.
Its advances went up by nearly 21 per cent to Rs 1,34,491 crore during the period under review from Rs 1,11,278 crore in the third quarter of last fiscal.
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