Idbi Net Slumps 27%

The Industrial Development Bank of India (IDBI) has recorded a 27.03 per cent fall in net profits, to Rs 691 crore, for the financial year ended March 2001, down from Rs 947 crore the previous year.

The net profit includes capital gains worth Rs 360 crore from the sale of 51 per cent stake in Sidbi. Excluding this extraordinary income, IDBI