IDBI Bank Q1 net profit rises 27% to Rs 135 crore

State-run IDBI Bank today reported 27.3 per cent rise in net profit to Rs 135.18 crore for the quarter ended June 2015.
The bank's net profit in the corresponding quarter of previous fiscal stood at Rs 106.17 crore.
Total income of the bank rose to Rs 7,903.37 crore in the reported quarter, from Rs 7,232.73 crore in the same quarter of previous fiscal, it said in a BSE filing.
The bank's earning from retail banking operations rose significantly, at Rs 6,332.84 crore in the first quarter of the fiscal, up from Rs 5,468.27 crore, a year ago.
However, the bank's asset quality witnessed further slippage with gross non-performing assets (NPAs) rising to 6.64 per cent of gross advances as against 5.64 per cent in the year ago period.

Net NPAs too rose at 3.18 per cent of net advances in the first quarter of 2015-16 from 2.87 per cent in the same period a year ago.
The bank made provision for bad loans and contingencies of Rs 878.70 crore in the reviewed quarter, from Rs 776.16 crore a year ago, it said.
IDBI Bank shares were trading 4 per cent down at Rs 62.40 apiece during afternoon session on the BSE.