Idbi Bank First-Quarter Net Rockets 100 Per Cent

IDBI Bank has reported a 100.6 per cent jump in net profit at Rs 22.35 crore for the first quarter ended June 30, 2003, from Rs 11.14 crore in the corresponding period of the previous fiscal.

Total income of the bank increased by 18.35 per cent to Rs 204.59 crore as against Rs 172.86 crore in the previous year.

Interest income rose by 14.35 per cent to Rs 161.76 crore (Rs 141.45 crore), while other income climbed up by 36.35 per cent to Rs 42.83 crore (Rs 31.41 crore).

IDBI Bank