Today : Wednesday - Sep 17, 2014, 03:05pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

IDBI Bank quarterly net profit rises to Rs.770.78 crore

Saturday - Apr 21, 2012, 05:40pm (GMT+5.5)
[+] Text [-]

New Delhi - IDBI Bank Saturday reported a net profit of Rs.770.78 crore for the quarter ended March 31, against Rs.516.25 crore logged in the like period of the previous financial year.

The total income of the bank stood at Rs.6,856.42 crore during the quarter under review against Rs.5,700.65 crore in the like period of 2010-11, the company said in a regulatory filing.

The figures of the previous period include the working results of the two erstwhile wholly-owned subsidiaries of the bank, IDBI Home Finance and IDBI Gilts, for the period from Jan 1, 2011, to March 31, 2011, after merger with the bank. Accordingly, the figures of the previous year are not strictly comparable, it added.

During the year ended March 31, the group posted an increase in audited consolidated net profit at Rs.2,013.12 crore compared to Rs.1,563.51 crore during previous financial year.

The total income during the period under review stood at Rs.25,592.15 crore against Rs.20,838.19 crore.

The bank's net nonperforming assets were 1.61 percent in proportion to net assets as of March 31, higher than 1.06 percent a year earlier.

The bank has declared a final dividend of Rs.1.50 per share for the financial year 2011-12.


Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Gauri Khan to design couture penthouses in Pune (21st Apr, 2012)
Gujarat bags award for watershed mangement project (21st Apr, 2012)
India's forex reserves rise by $213.8 million (21st Apr, 2012)
YouTube could face huge royalty bill after losing music clip copyright battle in Germany (21st Apr, 2012)
China's mobile phone users exceed 1 bln (21st Apr, 2012)
India cautions against slowdown in IMF quota reforms (21st Apr, 2012)
IMF arms itself with $430 bn new funding (21st Apr, 2012)
Mukherjee allays US fears, says India good for investment (21st Apr, 2012)
Citi's Pandit sued over excessive pay (21st Apr, 2012)
TRAI asks operators to offer per second-billing plan (21st Apr, 2012)
Reliance writes off 90 percent investments in Deccan 360 (21st Apr, 2012)
India adds 6.87 mn GSM subscribers in March (21st Apr, 2012)
Comment on reforms not linked to 2014 election: Kaushik Basu (21st Apr, 2012)
Government seeks asset valuer to sell Tyre Corporation of India (21st Apr, 2012)
Kanoria Chemicals to acquire Switzerland-based firm (21st Apr, 2012)
RIL fourth quarter net profit down 21.2 percent (21st Apr, 2012)
Dhumal wants lower interest rate on NABARD loans (21st Apr, 2012)
Telenor in talks with domestic firms to continue India service (21st Apr, 2012)
Public Distribution System to be computerised (21st Apr, 2012)
Suggestions for fixing eligibility to operate LNG terminals (21st Apr, 2012)
Good policy environment in Bengal needed for investment (21st Apr, 2012)
A billion cellphone users in China! (21st Apr, 2012)
Microsoft quarterly profits beat expectations as Windows sales rise by four percent (20th Apr, 2012)
Sri Lanka's bourse relaxes rule on 10 pct price band (20th Apr, 2012)
Government will bring economy back on growth path: Ahluwalia (20th Apr, 2012)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use