Mumbai, Jan 19: Public sector lender, IDBI Bank has registered
a net profit at Rs 417 crore, rising marginally by 1.7 per cent in
the quarter ended December 31, 2012 against Rs 410 crore for the quarter ended December 31,2011.
The total income in the quarter increased to Rs 7,070 crore from
Rs 6,281 crore in October-December 2011.
The net interest income shot up by 33.3 per cent to Rs 1,413 crore.
The net interest margin (NIM) also improved to 2.3 pc for the quarter ended Decmber 31,2012 from 1.89 per cnt in the same quarter last year.
The provisions and contingencies more than doubled to Rs 962.95
crore in quarter ended December 2012 from Rs 407 crore in the same
quarter last year, the bank statement said. (UNI)
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