IDBI Bank Q3 FY11 Results : Net profit surges 58.13%

by khalid on 26/01/2011 · 1 comment

Public sector lender IDBI Bank has posted a net profit for the period Q3 (ending Dec 10) of the current fiscal (FY10-11). During the said quarter, net profit rose 58.13 to Rs 454.08 crores in comparison to Rs 287.15 crores of Q3 (ending Dec 09) of previous year (FY09-10). IDBI Bank is one of India’s largest public sector bank. Formerly it was known as Industrial Development Bank of India Limited. The bank offers a wide range of personal banking services, NRI Services and finance products including savings and current accounts.

The bank informed the share market (BSE/NSE) that the total income rose 16.37% to Rs 5159.54 crore in Q3 (ending Dec 2010) of the current fiscal (FY10-11) when compared with the same quarter Q3 (ending Dec 2009) of previous year (FY09-10). Total income was Rs 4433.42 crores in last year’s quarter Q3.

Share’s Data :-
BSE Code : 500116
Mkt. Cap : Rs 14,944.71 Crores
IDBI Bank share’s CMP is Rs 151.80 on 25th Jan 2011.

Stay tuned to BelltheBull Blog for more news on IDBI Bank !

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Chirag January 26, 2011

The results are good but I find Yes Bank and InduSind bank more interesting from Investment point of view.


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