IDBI Bank, a leading public sector lender, has reported a net profit of Rs 160 crore for the quarter ended June 30, 2008, up 4% as against Rs 153 crore in the corresponding quarter ended June 30, 2007.  

The total income for the reporting quarter rose 24.94% to Rs 2,740 crore from Rs 2,193 crore in the year-ago period.

Recently, Stock Holding Corporation of India Limited (SHCIL) has signed a pact with IDBI Bank for issuing of stamp certificates and collection of money on its behalf as Authorised Collection Centre.  

The stock of the bank closed today at Rs 78.70, up 12% compared with previous close of Rs 70. It touched an intraday high and low of Rs 79 and 72 respectively.