IDBI Bank’s net profit rose 49 per cent at Rs 771 crore for the fourth quarter ended March 2012, on better growth in fee-based income and lower provision for bad loans. Its net profit for quarter ended March 2011 was Rs 516 crore.
The public sector lender’s net profit for FY12 rose by 23.15 per cent to Rs 2,032 crore from Rs 1,650 crore a year ago. The total income rose to Rs 25,489 crore from Rs 20,685 crore in FY11.