IDBI Bank Q2 net up 20.22% at Rs 515.9 cr
IDBI Bank today posted 20.22 per cent rise in net profit to Rs 515.9 crore for the second quarter ended September 30, 2011.
By PTI | Updated:
MUMBAI: State-owned lender IDBI Bank today posted 20.22 per cent rise in net profit to Rs 515.9 crore for the second quarter ended September 30, 2011.
The bank had posted a net profit of Rs 429.1 crore in the July-September period of 2010.
The total income rose to Rs 6,291.4 crore from Rs 4,044 crore in the corresponding period last fiscal, IDBI Bank said in a filing to the BSE.
"Our quarterly results have been good given the market conditions. We have seen a healthy growth in deposits, borrowings have grown by 7 per cent ... overall profits have also grown," IDBI Bank Executive Director Melwyn Rego said.
Shares of the bank today closed at Rs 104.80, down 2.06 per cent from its previous close.
The bank had posted a net profit of Rs 429.1 crore in the July-September period of 2010.
The total income rose to Rs 6,291.4 crore from Rs 4,044 crore in the corresponding period last fiscal, IDBI Bank said in a filing to the BSE.
"Our quarterly results have been good given the market conditions. We have seen a healthy growth in deposits, borrowings have grown by 7 per cent ... overall profits have also grown," IDBI Bank Executive Director Melwyn Rego said.
Shares of the bank today closed at Rs 104.80, down 2.06 per cent from its previous close.
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