IDBI Q2 net rises 4% to Rs 162 cr
Public sector lender IDBI Bank’s second quarter net profit has risen 4 per cent to Rs 162 crore driven by higher fee-based income. The company posted Rs 156 crore during the same period last year.
The bank’s fee-based income grew 69 per cent during the quarter to Rs 196 crore as against Rs 116 crore in the corresponding quarter last year.
Total income rose by 29 per cent to Rs 3,017 crore for the quarter, as against Rs 2,337 crore in the year-ago period. Net interest income for the quarter jumped 53 per cent to Rs 229 crore as against Rs 150 crore y-o-y.
BoM bottom line dips 22% to Rs 70 crore
Public sector enterprise Bank of Maharashtra’s net profit dipped by 22 per cent to Rs 70.55 crore during the second quarter of the current financial year as against Rs 90.45 crore y-o-y.
Also Read
The bank has faced severe problems in terms of profit generation during the quarter despite a healthy growth in terms of revenues. Total income has risen 24.5 per cent to Rs 1,136.38 crore compared with Rs 912.86 crore y-o-y.
STFC profit jumps 85% to Rs 309 crore
Shriram Transport Finance Company (STFC) has reported a 85 per cent jump in its net profit to Rs 309.24 crore for the quarter ended September 30, 2008.
Revenues for period grew 58 per cent to Rs 905.75 crore as against Rs 572.05 crore for the same period last year.