IDBI Bank Q1 net profit surges 7.56%
Public sector IDBI Bank has registered a growth of 7.56 per cent in its net profit at Rs 171.83 crore for the first quarter ended June 2009 as against Rs 159.76 crore in the previous corresponding period.
While, total income for the reporting quarter grew to Rs 4,218.91 crore from Rs 2,756.15 crore last year.
Further, IDBI Bank's fee-based income, during the period, went upto Rs 252 crore as compared to Rs 152 crore in the same period in last year.
The bank's total deposits grew to Rs 1,15,554 crore, up 59 per cent, from Rs 72,717 crore in last year while advances jumped to Rs 97,955 crore, up 25 per cent, from Rs 78,115 crore last year.