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IDBI Bank Q3 net profit declines 75% to Rs 104 crore

Total business (deposits and advances) of IDBI Bank as of December 31, 2013 stood at Rs 3,72,387 crore as against Rs 3,57,582 crore as of December 31, 2012

February 03, 2014 1:50 IST | India Infoline News Service
IDBI Bank Ltd on Monday reported a net profit of Rs 104 crore for the quarter ended December 31, 2013 as against Rs 417 crore for the same quarter ended December 31, 2012.
Total business (deposits and advances) of IDBI Bank as of December 31, 2013 stood at Rs 3,72,387 crore as against Rs 3,57,582 crore as of December 31, 2012 registering a growth of 4%. Deposits increased to Rs 1,93,858 crore as at end December 2013 from Rs 1,86,623 crore as (y-o-y), reflecting a growth of 4%.
Advances also increased by 4% to Rs.1,78,528 crore as at end December 2013 as compared to Rs 1,70,959 crore as at end December 2012.
Aggregate assets as of December 31, 2013, stood at Rs 2,92,297 crore as against Rs 2,73,358 crore as of December 31, 2012 registering a growth of 7%.


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