* Business up 9.10% to Rs.4,84,337 Crore (from Rs.4,43,943 Crore)
* Deposits increased by 11.03% to Rs.2,65,679 Crore (from Rs.2,39,282 Crore)
* Advances up by 6.84% to Rs.2,18,658 Crore (from Rs.2,04,661 Crore)
* CASA increased by 27.08% to Rs.73,561 Crore (from Rs.57,887 Crore)
* Total assets grew by 11.25% to Rs.3,76,527 Crore (from Rs.3,38,458 Crore)
* Net Interest Income(NII) for half year ended September 2016 increased by 6.64% to Rs.3,312 Crore from Rs.3,106 Crore for half year ended September 2015.
* Operating Profit increased by 13.14% for half year ended September 2016 to Rs.3,006 Crore from Rs.2,657 Crore for half year ended September 2015.
* Net Profitfor half ended September 2016 increased by 16.47% to Rs.297 Crore from Rs.255 Crore for half year ended September 2015.
New Delhi, October 25, 2016: The Board of Directors of IDBI Bank Ltd. (IDBI) met in New Delhi today to consider the unaudited financial results for the quarter ended September 30, 2016 which are as under:
Working results:
Statement of Profit & Loss ( Rs.in Crore)
| Q2 | Q2 | HY | HY |
| 2016-17 | 2015-16 | 2016-17 | 2015-16 |
Total Income | 8387 | 7914 | 16607 | 15817 |
Interest income | 6993 | 7070 | 14296 | 14331 |
Non-Interest Income | 1394 | 844 | 2311 | 1486 |
Total Expenses | 6847 | 6395 | 13600 | 13160 |
Interest expenses | 5387 | 5458 | 10984 | 11225 |
Operating expenses | 1460 | 937 | 2616 | 1935 |
Operating Profit | 1540 | 1519 | 3007 | 2657 |
Provisions (net) | 1484 | 1399 | 2710 | 2402 |
Net Profit | 56 | 120 | 297 | 255 |
Statement of Assets&Liabilities (Rs.in Crore)
Particulars | As at 30.09.2016 | As at 30.09.2015 | As at 31.03.2016 |
CAPITAL AND LIABILITIES |
|
|
|
Capital and Reserves & Surplus | 28018 | 24547 | 27722 |
Deposits | 265679 | 239282 | 265720 |
Borrowings | 68146 | 63006 | 69574 |
Other Liabilities and Provisions | 14684 | 11623 | 11356 |
TOTAL | 376527 | 338458 | 374372 |
ASSETS |
|
|
|
Cash and balances with Reserve Bank of India& Balances with banks and money at call and short notice | 17112 | 18837 | 16581 |
Investments | 97116 | 78405 | 98999 |
Advances | 218658 | 204661 | 215893 |
Fixed Assets & Other Assets | 43641 | 36555 | 42899 |
TOTAL | 376527 | 338458 | 374372 |
Profitability: IDBI reported a net profit of Rs.297 Crore for the half yearended September 30, 2016 as against Rs.255 Crore for the half yearended September 30, 2015.
Total business (deposits and advances) as of September 30, 2016 stood at Rs.4,84,337 Crore as against Rs.4,43,943 Crore as of September 30, 2015 registering a growth of 9.10%.
Deposits increased to Rs.2,65,679 Crore as at end September 2016 from Rs.2,39,282 Crore as at end September 2015 reflecting a growth of 11.03%.
Advances also increased by 6.84% to Rs.2,18,658 Crore as at end September 2016 as compared to Rs.2,04,661 Crore as at end September 2015.
Aggregate assets as of September 30, 2016, stood at Rs.3,76,527 Crore as against Rs. 3,38,458 Crore as at September 30, 2015 registering a growth of 11.25%.
Gross NPA as on September 30, 2016 stood at 13.05% (Rs.30,134 Crore) as compared to 11.92% (Rs.27,275 Crore) as at June 30, 2016.
Net NPA as on September 30, 2016 stood at 8.32% (Rs. 18,195 Crore) of net advances as compared to 7.47% (Rs.16,248 Crore) as at June 30, 2016.
CAR: The Bank's CAR stood at 11.64 % (as per Basel III) as of September 30, 2016.
* IDBI Bank reduced its Marginal Cost of Funds based Lending Rates (MCLR) w.e.f. July 01, 2016.
* IDBI Bank reduced its Base Rate from 9.75% p.a. to 9.65% p.a. The Benchmark Prime Lending Rate (BPLR) was also reduced from 14.25% p.a. to 14.15% p.a., effective from August 01, 2016.
* IDBI Bank Limited issued its second tranche of Basel III compliant Additional Tier 1 (AT1) bonds amounting to Rs.1,500crore.
* Deutsche Bank, Germany, honoured IDBI Bank with “2015 USD STP Excellence Award” in recognition of the Bank’s operational efficiency and quality of payment messages routed through the nostro accounts maintained with them.
