IDBI reports 5% increase in Q4 net profit

State-run IDBI Bank Tuesday reported a 5 percent jump in its net profit at Rs 546 crore in the quater ended March 31, against Rs 518 crore in the corresponding period last year, on the back of growth in its overall business.

Mumbai: State-run IDBI Bank Tuesday reported a 5 percent jump in its net profit at Rs 546 crore in the quater ended March 31, against Rs 518 crore in the corresponding period last year, on the back of growth in its overall business.

However, for the full year the profit after tax dropped by whopping 22 percent at Rs 873 crore as against Rs 1,121 crore in FY14, the bank said in a release here today.

In the quarter, total income of the bank stood at Rs 9,382 crore as against Rs 7,866 crore.

Non-performing assets deteriorated with gross non performing assets at 5.88 percent against 4.90 percent while net NPA stood at 2.88 percent from 2.48 percent in the year ago period.

Total business (deposits and advances) as of March 31, 2015 grew 8 percent at Rs 4,68,213 crore as against Rs 4,33,460 crore.

Deposits stood at Rs 2,59,836 crore while advances were at Rs 2,08,377 crore as of March 31, 2015.

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