Profitability:
IDBI reported a net profit of Rs. 516 Crore for the quarter ended September 30, 2011 as against Rs. 429 Crore in the corresponding quarter. This amounts to an increase in net profit by over 20% for the quarter compared to the corresponding period last year.

Total business (deposits and advances) as of September 30, 2011 stood at Rs. 3,30,358 Crore as against Rs. 2,84,518 Crore as of September 30, 2010, registering a growth of 16%.

Deposits increased to Rs. 1,74,441 Crore at end- September 2011 from Rs. 1,54,305 Crore at end- September 2010, reflecting a growth of 13%.

Advances also increased by 20% to Rs. 1,55,917 Crore, as compared to Rs. 1,30,213 Crore as at end- September 2010.

Aggregate assets as of September 30, 2011, stood at Rs. 2,50,392 Crore as against             Rs. 2,24,889 Crore as on September 30, 2010, registering a growth of 11%.

CAR:
The Bank's CAR (without considering half yearly profits) stood at 13.34% as of September 30, 2011.

Significant developments during FY 2011-12 (July – Till date)

• IDBI Bank received the ‘Dun & Bradstreet – Polaris Software Banking Awards 2011’ for two categories, the Overall Best Bank in India and the Best Public Sector Bank in India.

• IDBI Bank was conferred the “CNBC TV18 Special Jury Award”. The Bank was the recipient of the award in the large banks category. The awards were conferred on the basis of CNBC TV 18 - KPMG study of Indian Banks and Financial Institutions on criteria such as growth, profitability, capital ratios and even softer qualities like investor/customer.

• IDBI Bank launched a unique offering, the IDBI Magic Card. The card encompasses the features of a Debit Card with a credit limit and charges much less than a regular credit card. IDBI Bank is the first bank in India to launch such a novel product.

• On the occasion of the International Youth Day, IDBI Bank launched IDBI Bank ‘Being Me’ account. A Savings Account with an International Debit Card, designed to financially empower the youth with unique benefits such as free unlimited usage of other banks ATM, no charge for non maintenance of Average Quarterly Balance, preferential rate on educational loans and many more such facilities.

• IDBI Bank has been awarded the coveted international certification ISO 9001:2008 for its Customer Care Centre. It received the award for provision of services relating to resolution of complaints, answering of queries and responding to other communications received from all customers of IDBI Bank.

• Shree Vayam, the in-house journal of the Bank also received the ISO 9001: 2008 certificate for its design, publication and timely distribution.

• During festival season IDBI Bank has come out with multiple customer friendly offers
•  The Bank has reviewed its Home Loan and Auto Loan rates. The processing fee for home loan amounts upto Rs. 25 lakh has been waived till December 31, 2011. For the auto loans, the Bank is offering a concession of 100 bps in Rate of Interest for all segments as well as 100% waiver of processing fee till December 31, 2011. With IDBI Bank Debit Card Cash Back Offer, customers can get cash back upto Rs. 1000/- on their total purchases during the offer period ending January 31, 2012. The Bank is also offering discount to the retail as well as corporate clients on its Gift Cards till February 15, 2012.

• On October 8, 2011 IDBI Bank is amongst the first PSU Banks in India to launch YouTube Brand Channel. The channel is presently showcasing IDBI Bank’s  journey over the years, Media Interactions, Television Commercials etc.

• IDBI Bank took a step towards the Green Initiative in Corporate Governance by going paperless and sending documents to shareholders through electronic mode. The Bank has sent documents like General Meeting Notices/other notices, Annual Report etc to shareholders in electronic form.