IDBI Bank reports 78% rise in Q1 net profit

IDBI Bank has reported results for first quarter ended June 30, 2016.

The company has registered 78.35 % rise in its net profit at Rs 241.1crore for the quarter as compared to Rs 135.18 crore for the same quarter in the previous year. Total income of the company increased by 4.00% at Rs 8219.43 crore for quarter under review as compared to Rs 7903.37 crore for the quarter ended June 30, 2015.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.