CIN: L65190MH2004GOI148838

PR-1313

For Immediate Publication / Broadcast / Telecast

Highlights of Q1 FY 17 (June 30, 2016) financial results vis-à-vis Q1 FY 16 (June 30, 2015)

• Business up 5.77% to 4,71,394 Crore (from 4,45,668  Crore)
• Deposits increased by 5.26% to 2,54,031 Crore (from 2,41,328 Crore)
• Advances up by 6.37% to 2,17,363 Crore (from 2,04,339  Crore)
• Total assets grew by 6.85% to 3,65,532 Crore (from 3,42,099  Crore)
• Net Interest Income(NII) for Quarter ended June 2016 increased by 14.20% to 1,706 Crore from  1,494 Crore for Quarter ended June 2015
• Net Profit for Quarter ended on June 2016 increased by 78.36% to 241Crore from 135 Crore for Quarter ended June 2015.

Mumbai, August 11, 2016: The Board of Directors of IDBI Bank Ltd. (IDBI) met in Mumbai today to consider the unaudited financial results for the quarter ended June 30, 2016 which are as under:

Working results: 
 Statement of Profit & Loss                                                                                                                                                                                                                                                                                                                              ( in Crore)

Statement of Assets & Liabilities
                                                                                                                                                                                  ( in Crore)

Profitability: IDBI reported a net profit of 241 Crore for the quarter ended June 30, 2016 as against 135 Crore for the quarter ended June 30, 2015.

Total business (deposits and advances) as of June 30, 2016 stood at 4,71,394 Crore as against 4,45,668  Crore as of June 30, 2015 registering a growth of 5.77%.

Deposits increased to 2,54,031 Crore as at end June 2016 from 2,41,328  Crore as at end June 2015 reflecting a growth of 5.26%.

Advances also increased by 6.37% to 2,17,363 Crore as at end June 2016 as compared to 2,04,339 Crore as at end June 2015.

Aggregate assets as of June 30, 2016, stood at 3,65,532 Crore as against 3,42,099  Crore as at June 30, 2015 registering a growth of 6.85%.

Gross NPA as on June 30, 2016 stood at 11.92% ( 27,275 Crore) as compared to 10.98%    ( 24,875 Crore) as at March 31, 2016.

Net NPA as on June 30, 2016 stood at 7.47% ( 16,248 Crore) of net advances as compared to 6.78% ( 14,643 Crore) as at March 31, 2016.

CAR: The Bank's CAR stood at 11.80 % (as per Basel III) as of June 30, 2016.

Significant developments during April to June 2016

• IDBI Bank launched the eTrade Portal for online request of Letter of Credit, Bank Guarantee and further Straight Through Processing (STP) of such requests at Bank’s end. This e Trade portal is the first part of IDBI e Trade platform and the second module of the platform would cover Bills Discounting, Remittance, Pre & Post Shipment finance etc, which would be launched shortly.

• IDBI Bank launched MPOS (Mobile Point of Sale) on April 30th, 2016 is a new variant of Point Of Sale terminal. It is a wireless device that performs the functions of electronic POS terminal. M-POS dongle (card reader) is paired with Mobile/tablet through Bluetooth connectivity & function like an EDC terminal facilitating anytime & anywhere card acceptance for merchants.

• IDBI Bank became the first public sector bank to open its IFSC Banking Unit (IBU) at India’s first and only International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT).

• IDBI Bank launched ‘IDBI Express’ an unique banking solution, enabling customers to bank at their chosen time and place beyond banking hours, without having to visit the Bank branch. ‘IDBI Express’ assists customers to transact, transfer and use payment services.

•  Citi Bank honored IDBI Bank with Performance Excellence Awards on May 07, 2016 under two categories ‘Straight Through Processing for US Dollar Payments- 2015’ and ‘Tax Payments – 2014’ in recognition of the Bank’s efficiency in processing straight through online payments and facilitating smooth tax payments through Host-to-Host connectivity respectively.

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सीआइएन / (CIN)L65190MH2004GOI148838