CIN: L65190MH2004GOI148838

For Immediate Publication / Broadcast / Telecast

PR-1317

Highlights of Q2 FY 17 (Sept30,2016) financial results vis-à-vis Q2 FY 16 (Sept 30, 2015)

• Business up 9.10% to 4,84,337Crore (from 4,43,943Crore)
• Deposits increased by 11.03% to 2,65,679Crore (from 2,39,282Crore)
• Advances up by 6.84% to 2,18,658Crore (from 2,04,661Crore)
• CASA increased by 27.08% to 73,561Crore (from 57,887Crore)
• Total assets grew by 11.25% to 3,76,527Crore (from 3,38,458Crore)
• Net Interest Income(NII) for half year ended September 2016 increased by 6.64% to

3,312Crorefrom3,106Crore for half year ended September 2015.

• Operating Profit increased by 13.14% for half year ended September 2016 to 3,006Crore from 2,657Crorefor half year ended September 2015.
• Net Profitfor half ended September 2016 increased by 16.47% to 297Crore from255Crore for half year ended September 2015.

New Delhi, October25, 2016: The Board of Directors of IDBI Bank Ltd. (IDBI) met in NewDelhi today to consider the unaudited financial results for the quarter ended September 30, 2016 which are as under:

Working results: 
Statement of Profit & Loss                                                                                                 ( inCrore)

Statement of Assets&Liabilities
(inCrore)

Profitability: IDBI reported a net profit of 297Crore for the half yearended September 30, 2016 as against 255Crore for the half yearended September 30, 2015.
Total business (deposits and advances) as of September 30, 2016 stood at 4,84,337Crore as against 4,43,943Crore as of September 30, 2015 registering a growth of 9.10%.
Deposits increased to 2,65,679Crore as at end September 2016 from 2,39,282Crore as at end September 2015 reflecting a growth of 11.03%.
Advances also increased by 6.84% to 2,18,658Crore as at end September 2016 as compared to 2,04,661Crore as at end September 2015.
Aggregate assets as of September 30, 2016, stood at 3,76,527Crore as against 3,38,458Crore as atSeptember 30, 2015 registering a growth of 11.25%.
Gross NPA as on September 30, 2016 stood at 13.05% (30,134Crore) as compared to 11.92%    ( 27,275Crore) as at June 30, 2016.
Net NPA as on September 30, 2016 stood at 8.32% ( 18,195Crore) of net advances as compared to 7.47% ( 16,248Crore) as at June 30, 2016.
CAR: The Bank's CAR stood at 11.64 % (as per Basel III) as of September 30, 2016.
Significant developments during July to September 2016

• IDBI Bank reduced its Marginal Cost of Funds based Lending Rates (MCLR) w.e.f. July 01, 2016.
• IDBI Bank reduced its Base Rate from 9.75% p.a. to 9.65% p.a. The Benchmark Prime Lending Rate (BPLR) was also reduced from 14.25% p.a. to 14.15% p.a., effective from August 01, 2016.
• IDBI Bank Limited issued its second tranche of Basel III compliant Additional Tier 1 (AT1) bonds amounting to Rs.1,500crore.
• Deutsche Bank, Germany, honoured IDBI Bank with “2015 USD STP Excellence Award” in recognition of the Bank’s operational efficiency and quality of payment messages routed through the nostro accounts maintained with them.

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सीआइएन / (CIN)L65190MH2004GOI148838