|
IDBI
Bank Q2 net zooms 125%
Our Banking Bureau
23 October 2003
 Chennai:
IDBI
Bank registered a 125-per cent growth in its net profit
at Rs 36.19 crore for the quarter ended 30 September 2003.
The
profits were driven by a 20-per cent growth in interest
income at Rs 174.66 crore and a 109-per cent growth in
other income at Rs 65.5 crore for this quarter.
The
growth in profits came despite a jump in loan loss provisions
of Rs 20 crore in this quarter compared to Rs 5 crore
in the corresponding quarter of the previous year.
The bank's deposits grew by Rs 421 crore during the quarter
to Rs 6,657 crore as at the end of September 2003.
 The
bank's capital adequacy ratio at 8.22 per cent continued
to be below the regulatory minimum of 9 per cent.
List
of reports on IDBI Bank
|
