IDBI Bank has posted a 86.3 per cent rise in net profit to Rs 132.5 crore (Rs 1,325 million) for the year ended March 31, 2004 as compared to Rs 71.1 crore (Rs 711 million) in the corresponding period last fiscal.
Total income during the period under review grew by 47.6 per cent to Rs 541.3 crore (Rs 5,413 million) as against Rs 366.7 crore (Rs 3,667 million) in the previous fiscal, the bank said in a release on Wednesday.
Deposits during 2003-04 stood at Rs 10,048 crore (Rs 100.48 billion) as against Rs 6,032 crore (Rs 60.32 billion) in 2003-03, the release added.
The net interest income for FY04 grew by 64.2 per cent to Rs 331.1 crore (Rs 3,311 million) [Rs 201.6 crore (Rs 2,016 million) in 2002-03]. The fee-based income rose to Rs 183.4 crore (Rs 1,834 million) in 2003-04 as against Rs 119.7 crore (Rs 1,197 million) in the same period last year.
For the fourth quarter ended March 31, the profit after tax stood at Rs 37.6 crore (Rs 376 million) [Rs 16.4 crore (Rs 164 million) in January-March 2003] while total income was Rs 151.6 crore (Rs 1,516 million) [Rs 102.1 crore (Rs 1,021 million)].