State-run IDBI Bank on Friday has reported a 28.02 per cent growth in its net profit for the fourth quarter ended March 31, 2009. The lender’s net profit rose to Rs 3.13 crore, against Rs 2.45 crore in the March quarter of FY'08.

While, lender’s total income surged 41% to Rs 37.34 crore for January-March 2008 from Rs 26.47 crore in the corresponding period a year ago.

During the quarter, IDBI's interest income jumped 45 per cent to Rs 32.62 crore, while interest expenditure stood at Rs 27.80 crore, up 38 per cent over the same period last fiscal.

For the financial year ended March 2009, IDBI Bank reported a net profit of Rs 8.59 crore, up 17.83 per cent against Rs 7.29 crore in FY’08.

The lender's total income rose to Rs 130.22 crore during FY'09, from Rs 96.23 crore in the last fiscal.

The board has declared a dividend of 25 per cent for FY'09, at the rate of Rs 2.50 per share of face value of Rs 10 each.