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IDBI Bank's Q3 business up 7pc

Posted on Jan 18, 07:59PM | IBNS

IDBI Bank Ltd. (IDBI), a public sector universal bank, on Friday announced its unaudited financial results for the quarter ended December 31, 2012.

IDBI reported a net profit of Rs.417 Crore for the quarter ended December 31, 2012 and Rs.1,328 Crore for nine months period ended December 31, 2011 as against Rs.410 Crore for the quarter ended December 31, 2011 and Rs.1,261 Crore for nine months period ended December 31, 2011.

Total business (deposits and advances) as of December 31, 2012 stood at Rs.3,57,582 Crore as against Rs.3,32,776 Crore as of December 31, 2011 registering a growth of 7pc .

Deposits increased to Rs.1,86,623 Crore as at end December 2012 from Rs.1,77,123 Crore as at end December 2011 reflecting a growth of 5pc .

Advances also increased by 10pc to Rs.1,70,959 Crore as at end December 2012 as compared to Rs.1,55,653 Crore as at end December 2011.

Aggregate assets as of December 31, 2012, stood at Rs.2,73,199 Crore as against Rs.2,55,325 Crore as of December 31, 2011 registering a growth of 7pc .

Fee based income for the quarter ended December 31, 2012 increased to Rs.605 Crore as against Rs.361 Crore for the quarter ended December 31, 2011 registering a growth of 68pc .

The Bank's CAR stood at 14.19pc (Tier I - 8.01pc ) as of December 31, 2012 as against 13.53pc (Tier I - 7.54pc ) as of December 31, 2011.