IDBI Bank has reported results for first quarter ended June 30, 2012.
On standalone basis, the bank has posted a rise of 27.53% in its net profit at Rs 427.34 crore for the quarter ended June 30, 2012, as compared to Rs 335.10 crore for the same quarter in the previous year. Total income of the bank has increased by 12% to Rs 6786.81 crore for the quarter under review as compared to Rs 6059.83 crore for the quarter ended June 30, 2011.
Gross non-performing assets (NPAs) rose to 3.24% in the April-June quarter as against 2.10% in the same quarter previous year while net NPAs increased to 2.07%
