IDBI Bank has reported a total income of Rs. 17,564 crore for the year ended March 31, 2010, against Rs. 13,021 crore in the previous year.
Interest income accounted for Rs. 15,273 crore (Rs.11,545 crore) and non-interest income Rs. 2,291 crore (Rs.1,476 crore). The operating profit was higher by 98 per cent at Rs. 2,727 crore against Rs. 1,378 crore and the net profit by 20 per cent at Rs. 1,031 crore (Rs. 859 crore).
Total business registered a growth of 42 per cent and stood at Rs. 3,05,869 crore as on March 31, 2010, against Rs. 2,15,845 crore on March 31, 2009. Deposits increased by 49.2 per cent to Rs. 1,67,667 crore from Rs. 1,12,401 crore and advances were up by 33.6 per cent to Rs. 1,38,202 crore (Rs. 1,03,444 crore). The equity dividend has been raised to Rs. 3 per share of Rs. 10 from Rs. 2.50 per share in the previous year.
The bank operates through a network of 720 branches and 1,210 ATMs across the country.
During the year under reference, the bank set its first footprint abroad by setting up its first overseas branch in Dubai to provide foreign currency funding to its customers in addition to rupee funding. In March this year, the bank started its mutual fund operations by launching a mutual fund company.
