OREANDA-NEWS. November 12, 2012. The Board of Directors of IDBI Bank Ltd. (IDBI) met in Mumbai to consider the unaudited financial results for the quarter ended September 30, 2012, which are as under:

Working results:

(Rs. in Crore)

Q2

HY

HY

Q2

2012-13

2012-13

2011-12

2011-12

Total Income

6880

13670

12334

6283

Interest income

6197

12467

11441

5812

Non-Interest Income

683

1203

893

471

Total Expenses

5700

11358

10314

5285

Interest expenses

4948

9947

9167

4690

Operating expenses

752

1411

1147

595

Operating Profit

1180

2312

2020

998

Provisions (net)

696

1401

1169

482

Net Profit

484

911

851

516

Profitability:

IDBI reported a net profit of Rs.911 Crore for the 6 months ended September 30, 2012 as against a net profit of Rs.851 Crore in the corresponding period of previous year. IDBI reported a net profit of Rs.484 Crore for the quarter ended September 2012 as against Rs.427 Crore for the quarter ended June 2012 and Rs.516 Crore in the corresponding quarter ended September 2011 of previous year. Net Profit for the quarter ended September 30, 2012 is after making additional provision of Rs.122 Crore for pension/ leave encashment during the quarter.

Total business (deposits and advances) as of September 30, 2012 stood at Rs.3,46,457 Crore as against Rs.3,29,916 Crore as of September 30, 2011, registering a growth of 5%.

Deposits increased to Rs.1,80,087 Crore at end- September 2012 from Rs.1,74,441 Crore at end- September 2011, reflecting a growth of 3%.

Advances also increased by 7% to Rs.1,66,370 Crore, as compared to Rs.1,55,475 Crore as at end- September 2011.

Aggregate assets as of September 30, 2012, stood at Rs.2,63,535 Crore as against Rs.2,49,951 Crore as on September 30, 2011, registering a growth of 5%.

CAR:

The Bank's CAR (without considering half yearly profits) stood at 13.91% as of September 30, 2012.