IDBI Bank Q2 net profit increased marginally

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IDBI Bank, one the leading public sector banks,  reported a rise in net profit of 0.84% to Rs 1195 million for the quarter ended September 2015 as against Rs 1185 million in the corresponding quarter last year. The profit was impacted by a rise in bad loans and provisions towards the same.
The total income increased by 3.98% to 79140 million in the current from Rs 76110 million in the same quarter previous year. The capital adequacy ratio (CAR) of the Bank stood at 11.66% as of Sept. 30, 2015. The net interest income increased by 15% to Rs 16120 million in the quarter from Rs 14060 million. The banks net NPAs also increased to 3.16% from 2.79% sequentially.

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