OREANDA-NEWS. January 22, 2013. The Board of Directors of IDBI Bank Ltd. (IDBI) met in Mumbai today to consider the unaudited financial results for the quarter ended December 31, 2012 which are as under:

Working results: (Rs. Crore)

Particulars

Q3

Q3

9 mths

9 mths

FY

2012-13

2011-12

2012-13

2011-12

2011-12

Total Income

7070

6282

20740

18616

25482

Interest income

6200

5849

18667

17290

23370

Non-Interest

Income

870

433

2073

1326

2112

Total Expenses

5518

5457

16876

15771

21432

Interest expenses

4787

4790

14734

13957

18825

Operating

expenses

731

667

2142

1814

2607

Operating Profit

1552

825

3864

2845

4050

Provisions (net)

1135

415

2536

1584

2018

Net Profit

417

410

1328

1261

2032

Profitability:

IDBI reported a net profit of Rs.417 Crore for the quarter ended December 31, 2012 and Rs.1,328 Crore for nine months period ended December 31, 2012 as against Rs.410 Crore for the quarter ended December 31, 2011 and Rs.1,261 Crore for nine months period ended December 31, 2011.

Total business (deposits and advances) as of December 31, 2012 stood at Rs.3,57,582 Crore as against Rs.3,32,776 Crore as of December 31, 2011 registering a growth of 7%.

Deposits increased to Rs.1,86,623 Crore as at end December 2012 from Rs.1,77,123 Crore as at end December 2011 reflecting a growth of 5%.

Advances also increased by 10% to Rs.1,70,959 Crore as at end December 2012 as compared to Rs.1,55,653 Crore as at end December 2011.

Aggregate assets as of December 31, 2012, stood at Rs.2,73,199 Crore as against Rs.2,55,325 Crore as of December 31, 2011 registering a growth of 7%.

Fee based income for the quarter ended December 31, 2012 increased to Rs.605 Crore as against Rs.361 Crore for the quarter ended December 31, 2011 registering a growth of 68%.

CAR:

The Bank's CAR stood at 14.19% (Tier I - 8.01%) as of December 31, 2012 as against 13.53% (Tier I - 7.54%) as of December 31, 2011.