IDBI Bank reports marginal fall in Q3 net profit

IDBI Bank Ltd. | Bank - Private | BFSI | BSE: 500116 | NSE: IDBI

06 Feb 2015 Evaluate

IDBI Bank has reported results for third quarter ended December 31, 2014.

The bank has registered a fall of 1.13% in its net profit at Rs 102.79 crore for the quarter under review as compared to Rs 103.96 crore for the same quarter in the previous year. However, total income of the bank increased by 10.99% at Rs 7935.99 crore for Q3FY15 as compared Rs 7149.88 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 5.94% in the October- December quarter as against 5.44% in the same quarter previous year, while net NPAs stood at 3.05%.

Peers

Company Name	CMP
HDFC Bank	740.00
ICICI Bank	1343.50
Axis Bank	1250.00
Kotak Mahindra Bank	415.00
Indusind Bank	958.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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