State-owned IDBI Bank posted a net profit Rs. 1,031 crore for the financial year ended on March 31, 2010, up by 20.1 per cent as compare to the previous year. Operating profit of the company rose 97.9 per cent to Rs. 2,727 crore.

The bank reported a Net Interest Income (NII) of Rs. 2267 crore as against Rs. 1,239 crore in the previous year, recording a growth of 82.9%. Fee-based income of the bank registered a smart improvement to Rs. 1,435 crore as against Rs. 901 crore in the previous year.

Overall, it remained a great year for the bank for the fact that it started its global operations during the year by opening its first overseas branch in Dubai. The branch is expected to help the bank to provide foreign currency funding to its clients. Currently, "IDBI Bank is the second largest syndicator of funds in India and the fourth largest in entire Asia-Pacific," the bank said in its statement.

The bank also crossed a landmark of 700 branches in the country during the year. At the beginning of the new financial year, the bank was operating with 720 branches and 1,210 ATMs in the country.