State-run IDBI Bank today reported a 26.61 per cent growth in net profit at Rs 222.63 crore for the third quarter ended December 31, 2008, as compared to Rs 175.84 crore in the same quarter a year ago.
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.
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