Wednesday, March 05, 2025 | 03:07 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

IDBI Bank rises 3% on healthy Q4 earnings

Its net profit rose 49% to Rs 771 cr

Image

SI Reporter Mumbai

IDBI Bank is trading higher by 3% at Rs 109 after reporting a healthy 49% year-on-year (y-o-y) jump in net profit at Rs 771 crore for the fourth quarter ended March 2012, due to fall in tax liabilities. The tax expenses for Q4 declined 59% to Rs 150 crore on y-o-y basis.

Net interest income (NII) increased 9% at Rs 1,211 crore y-o-y, while net interest margins (NIMs) for the quarter were up 21 basis points (bps) over the previous quarter at 2.07%.

The CASA ratio of the bank was up to 24.10% in Q4, compared to the 19.7% at the end of the December 2011 quarter. However, the gross non-performing assets (NPAs) for the bank in Q4 fell sequentially from 2.94% to 2.49%.

A combined 380,000 shares have changed hands on the counter in opening deals on both the exchanges.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 23 2012 | 9:30 AM IST

Explore News