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IDBI Bank Q1 FY12 net up 34 pc at Rs 335 crore

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IDBI Bank Q1 FY12 net up 34 pc at Rs 335 crore

IDBI Bank has reported a Q1 FY12 net profit of Rs Rs 335 crore, an increase of 34 per cent over the Rs 251 crore net profit in the corresponding quarter of the previous fiscal.

As of June 30, 2011, IDBI’s total business (deposits and advances) stood at Rs 331,266 crore as against Rs 292,533 crore as of June 30, 2010, registering a growth of 13 per cent.

Deposits increased to Rs 176,282 crore at end-June 2011 from Rs 157,204 crore at end-June 30, 2010, showing a growth of 12 per cent.

Advances also increased by 15 per cent to Rs 154,984 crore, as compared to Rs 135,329 crore as at end- June 30,2010. As of June 30, 2011, aggregate assets stood at Rs 249,571 crore as against Rs 224,658 crore as on June 30, 2010 registering a growth of 11 per cent.

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