IDBI Bank April-June net profit rises 27% at Rs 427 crore

MUMBAI: IDBI Bank today posted 27.5 per cent rise in its net profit for the first quarter ended June 30, 2012, at Rs 427.34 crore.

Its net profit over the corresponding period (April-June) a year ago stood at Rs 335.10 crore, the Bank said in a BSE filing.

The total income of the bank rose to Rs 6,786.81 crore for the quarter ended June 30, 2012 from Rs 6,059.83 crore a year earlier.

Shares of the bank closed at Rs 87.95 apiece on the BSE today, down 0.57 per cent from the previous close.