IDBI Q1 net up by 1.69 per cent

New Delhi, July 18: Industrial Development Bank of India Ltd (IDBI) today said it has recorded a 1.69 per cent increase in its net profit at Rs 153.12 crore for the first quarter ended June 30, 2007 as compared to Rs 150.57 crore in the corresponding period last year.

The total income increased by 31.47 per cent to Rs 2,193 crore during the first quarter as against Rs 1,668.34 crore in the same peiord a year ago, a release said.

The erstwhile United Western Bank Ltd (UWB) was amalgamated with the bank with effect from October 3, 2006.

UNI