IDBI Bank reports marginal fall in Q3 profit at Rs 102.79 crore

IDBI Bank, the public sector lender, on Friday reported a marginal decline in net profit at Rs 102.79 crore for the October-December quarter of 2014-15.

The bank had a net profit of Rs 103.96 crore in the third quarter of 2013-14 fiscal.

Total income of the bank rose to Rs 7,935.99 crore during the three month period, from Rs 7,149.88 crore in the corresponding period a year ago, the bank said in a statement.

The net non-performing assets (NPA) of the bank rose to 3.05 per cent of total advances, as against 2.93 per cent at the end of December 2013.

The gross NPA stood at 5.94 per cent.

Interest income of the bank rose to Rs 7,159 crore during the third quarter, from Rs 6,617 crore in the same period a year ago.

Shares of IDBI Bank closed at Rs 65.80, up 0.23 per cent over previous close on the Bombay Stock Exchange (BSE).