IDBI Bank Apr-Jun net rises 27% at Rs 427 crore

IDBI Bank today posted 27.5% rise in its net profit for the first quarter ended June 30, 2012, at Rs 427.34 crore.

Its net profit over the corresponding period (April-June) a year ago stood at Rs 335.10 crore, the Bank said in a BSE filing.

The total income of the bank rose to Rs 6,786.81 crore for the quarter ended June 30, 2012 from Rs 6,059.83 crore a year earlier.

Shares of the bank closed at Rs 87.95 apiece on the BSE today, down 0.57% from the previous close.