CIN: L65190MH2004GOI148838

PR-1302

For Immediate Publication / Broadcast / Telecast

Highlights of 9 months FY 16 (Dec 31,2015) financial results vis-à-vis 9 months FY 15 (Dec 31, 2014)

• Businessincreased from 4,30,502Croreto 4,43,615Crore.
• CASA up by 15%to 58,662 Crore (from 51,033 Crore).
• Saving Bank Deposit up by 16% to 34,425 Crore(from 29,614Crore).
• CRAR as per Basel IIIincreasedfrom 12.23% to 13%.
• High Cost Deposit down by 10%from 1,16,003Crore to1,04,699Crore.
• Cost of Fundsdownfrom7.88% to 7.29%.
• NIM up by 0.13%.
• Cost to Net Income down from 47.12% to 43.88%.
• NII increased by 14% to 4,662Crore.
• Fee Based Income up by 14%.
• Recoveries from written off A/Cs up by 219%.
• Operating Profit increased to 3,775Crore.
• Advances up by 6% to2,08,924Crore (from1,97,303Crore)
• Total assets increased from 3,31,440Croreto 3,38,489Crore.
• NetLossduring 9 months ended on December 2015, was at 1,929Crore against Net Profit327Crore during nine months ended December 2014.
• GNPA increased to 8.94% from 5.94%.
• NNPA increased to 4.60% from 3.05%.

Mumbai, February12, 2016: The Board of Directors of IDBI Bank Ltd. (IDBI) met in Mumbai today to consider the unaudited financial results for the quarter ended December 31, 2015 which are as under:

Working results:                               (Crore)

Total business (deposits and advances)as of December 31, 2015 stood at 4,43,615Crore as against 4,30,502Crore as of December 31, 2014.

CASA increased by 15%to 58,662 Crore from 51,033 Crore.

Saving Bank Deposit up by 16% to 34,425 Crore(from 29,614Crore).

CAR:The Bank's CAR (without considering nine months profits) increasedto13%(as per Basel III) as of December 31, 2015 from 12.23%.

High Cost Deposits (Bulk Deposits) down by 10% from 1,16,003Crore to1,04,699Crore.

Cost of Funds has declined from 7.88% to 7.29%.

NIM increased from 1.83% to 1.96%.

Cost to Net Income down from 47.12% to 43.88%.

NII increased by14% to4,662Crore from 4,088Crore.

Fee Based Income up by 14% to 1,476Crore from 1,298Crore.
Recoveries from written off A/Cs up by 219% to 83Crore from 26Crore.

Operating Profit increased from3,239Croreto3,775Crore.

Advances also increased by 6% to 2,08,924Crore as at end December 2015 as compared to 1,97,303Crore as at end December 2014.

Aggregate assets as of December 31, 2015, stood at 3,38,489Crore as against
3,31,440Crore as of  December 31, 2014 registering a growth of 2%.

Profitability: IDBI reported a net loss of 2,184 Crore for the quarter ended December 31, 2015 and 1,929 Crore for nine months period ended December 31, 2015 as against 103 Crore for the quarter ended December 31, 2014 and 327 Crore for nine months period ended December 31, 2014.

GNPA increased to 8.94% (from 12,140Crore to 19,615Crore).
NNPA increased to 4.60% (from 9,613Crore to 6,028Crore).

Significant developments from October 2015to December 2015

• IDBI Bank launched a USD 350 million 5 year Reg S Green Bond issue on November 23, 2015.

• IDBI Bank set up a state-of-the-art Security Operations Centre (SOC) at its Data Centre, Belapur, Navi Mumbai.

• IDBI Bank executed a MoU with MahilaArthik Vikas Mahamandal (MAVIM) on December 15, 2015. Under the arrangement, the Bank will offer credit facilities to SHG/JLGs, promoted and nurtured by Community Managed Resource Centers (CMRCs) of MAVIM for income generation activities.

• IDBI Bank received Rs.2,229crore from the Government of India towards Preferential allotment of Equity Shares.

• IDBI Bank conducted ‘KisanSangosthi’ at various villages all over India to mark the celebration of ‘Farmers Day’ and to acknowledge the role played by the farming community in the economic development of the country.

• IDBI Bank was conferred the “Skoch Order-of-Merit” award during the 42ndSkoch Summit on 10th-11th December, 2015 for the project ‘Abhay Card’ which has been adjudged amongst the ‘Top 200 Smart Technology Projects in India’ for the year 2015. This project has been selected under the category “Technology for Growth – Innovations”.

• IDBI Bank received the Elets Financial Inclusion & Payment Systems (FIPS) Award for its Direct Benefit Transfer (DBT)initiative under Financial Inclusionduring the year 2015.

• IDBI Bank was conferred Star Performance Award2015 as Top Performer in new accounts opened under PSU-Bank Category by NSDL at its 30th DP Conference on 5th December 2015.

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