IDBI Bank’s Q1FY14 net profit fall by 28.17%

 IDBI Bank has reported results for the quarter ended June 30, 2013

The bank’s net profit for the quarter fall by 28.17% at Rs 306.95 crore as compared to Rs 427.34 crore for the quarter ended June 30, 2012. Its total Income has increased by 9.65% to Rs 7445.42 crore for the quarter under review from Rs 6789.82 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April- June quarter of the current fiscal stood at 4.34%, as compared to 3.24% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.16% as compared to 2.07% in the same quarter of the previous year.