Financial Daily from THE HINDU group of publications
Saturday, Apr 30, 2005

Port Info

Group Sites

Money & Banking - Financial Performance
Corporate Results - Financial Institutions

IDBI's 6-month net at Rs 307 cr

Our Bureau

Mumbai , April 30

INDUSTRIAL Development Bank of India (IDBI) has earned net profit of Rs 307 crore during the six-month ended March 31, 2005. The bank has not given comparable figures for the corresponding period in the previous year.

The Reserve Bank of India had approved the scheme of amalgamation of IDBI Bank Ltd, with IDBI Ltd effective from April 2, 2005. The appointed date for the merger as per the approved scheme was October 1, 2004. Accordingly, the balance sheet and P&L account for the six-month accounting period ended March 31, 2005 have been drawn up for the merged entity, the bank said in a press release.

A dividend at Rs 0.75 per share on equity shares for the six-month period has been recommended by the board for adoption by the shareholders.

Total income of the bank during the six-month period was Rs 3,282.85 crore.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Benign towards banking

Rupee up 15 paise; gilts lacklustre
`Addresses concerns of inflation, growth'
PNB annual net up 27 pc
Bank of India fourth quarter net drops 85 pc to Rs 53 cr
IDBI's 6-month net at Rs 307 cr
Marginal rise in SBT annual net
Keyman cover can be sold as term policy only
LIC in bancassurance pact with Dena Bank
NGO in pact with ICICI Lombard for health insurance plan
Ministry ratifies EPF rate of 9.5 pc — Awaits CBT nod for 2004--05 rate
Union Bank eyes 25 pc growth in business this fiscal
SBH donation
Rs 8,000-cr Govt stock sale on May 3
Sivaganga co-op bank depositors unhappy over delay in Nabard inspection

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line