IDFC consolidated net profit up by 20 pc in 2008-09 H1

Mumbai, Oct 22 (UNI) Infrastructure Development Finance Corporation (IDFC) today reported a net profit of Rs 449 crore for the first half of current fiscal as against Rs 375 crore earned during the same period last year.

IDFC, in a release here, said the Net Interest Income rose by 25 per cent, from Rs 329 crore to Rs 412 crore.

The balance sheet size rose by 28 per cent to touch Rs 28,970 crore with the gross approvals at Rs 74,20 crore witnessing a 12 per cent reduction.

Gross disbursements also saw a decline of seven per cent at Rs 4,663 crore UNI VK RN SKB1811