28 pc hike in IDBI's net profit in Q4

Written by: Super Admin
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Mumbai, Apr 24: IDBI Bank on Friday, Apr 24 has reported a 28.16 pc growth in its net profit at Rs 3.14 cr in the fourth quarter ended on Mar 31, 2009.

In Mar quarter of FY'08 the bank had a net profit of Rs 2.45 cr as per the IDBI filing to the Bombay Stock Exchange. The bank's total income rose 41.07 per cent to Rs 37.34 crore in the Mar quarter, from Rs 26.47 crore in the corresponding period a year ago.

A divident of 25 pc for the FY'09 was declared by the IDBI board, at the of Rs 2.50 a piece on shares of face value of Rs 10 each. The bank which had a net profit of Rs 7.29 cr in the financial year 2000 reported a net profit of Rs 8.59 cr for the financial year ended Mar 2009.

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