IDBI Banks' Q1 net profit up 33.61 percent

IDBI Bank reported a net profit of Rs.3,351 million for the quarter ended June 30, 201.

This represents an increase of 33.61 % from a net profit of Rs.250.8 crore in the like period of 2010-11.

The bank has posted the data in a regulatory filing to the Bombay Stock Exchange, according to Yahoo News.

The total income of the company increased by 27.44 percent at Rs.6,059.83 crore in the quarter under review as against Rs.4,755.02 crore in the corresponding period of last fiscal.

'Total income has increased from Rs.4,755.02 million for the quarter ended June 30, 2010 to Rs.6,059.83 million for the quarter ended June 30, 2011,' the company said.

On the other hand, the company reported an increase in its gross non-performing assets at 2.10 percent as against 1.94 percent in the like quarter of 2010-11.

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