IDBI Bank Q3 net profit up 58.19% at Rs 454 cr

IDBI Bank has declared its results for the quarter ended December 2010. It has reported net profit of Rs 454 crore in Q3FY11 as against Rs 287 crore in same period of last year.

Net interest income shot up by 67.92% to Rs 1,204 crore from Rs 717 crore (YoY).

Net non-performing assets (NPAs) was down at 1.2% as on December 31 as against 1.4% (YoY).

Gross NPAs increased at 2.22% in December quarter of FY10 versus 2.07% (YoY).

IDBI Bank approved merger of IDBI Home Finance and IDBI Gilts with self.

Source: www.moneycontrol.com

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