IDBI Bank has reported results for second quarter ended September 30, 2012.
The company’s net profit for the quarter ended September 30, 2012 declined by 6.28% at Rs 483.53 crore as compared to Rs 515.91 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.50% at Rs 6880.01 crore for quarter under review as compared to Rs 6282.87 crore for the quarter ended September 30, 2011.
Gross non-performing assets (NPAs) of the bank have increased to 3.45% for the quarter as against 3.24% in the previous quarter and 2.47% in September quarter of the previous fiscal. Net non-performing assets (NPAs) of the bank were at 2.04%, lower than 2.07% in the previous quarter.
