IDBI Bank has reported results for fourth quarter ended March 31, 2012.
The company has posted a rise of 49.30% in its net profit at Rs 770.78 crore for the quarter ended March 31, 2012 as compared to Rs 516.25 crore for the same quarter in the previous year. Total income has increased by 20.27% at Rs 6856.42 crore for quarter under review as compared to Rs 5700.65 crore for the quarter ended March 31, 2011.
IDBI Bank has a large portfolio of MSME sector units and is desirous of expanding its lending to this MSME sector in view of the fact that this sector is a key driver of Indian economy in terms of contribution to GDP, employment and exports and also the pronouncements in the Government's MSME policy.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
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