IDBI Bank reports 34% jump in Q1 net profit

IDBI Bank has reported unaudited results for the first quarter ended June 30, 2011.

The Bank’s profit for the quarter ended June 30, 2011 has surged by 33.56% at Rs 335.10 crore as compared to Rs 250.89 crore for the corresponding quarter last year. Its total income has grown by 27.44% at Rs 6059.83 crore for the quarter under review from Rs 4755.02 crore for the same quarter last year.

IDBI Bank is one of India’s leading sector banks with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of branched and ATMs, spread across lengths and breadth of India.