PR-1302
CIN: L65190MH2004GOI148838
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)
Business increased from ` 4,30,502Crore to ` 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 III increasedfrom 12.23% to 13%.
High Cost Deposit down by 10% from ` 1,16,003Crore to `1,04,699Crore.
- Cost of Funds down from7.88% 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% to ` 2,08,924 Crore (from `1,97,303Crore)
Total assets increased from ` 3,31,440 Crore to ` 3,38,489Crore.
Net Loss during 9 months ended on December 2015, was at `1,929Crore against Net Profit `327 Crore 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)Particulars
Q3
Q3
9 mths
9 mths
FY
2015-16
2014-15
2015-16
2014-15
2014-15
Total Income
7362
7936
23179
22779
32162
Interest income
6784
7159
21115
20742
28154
Non-Interest Income
578
777
2064
2037
4008
Total Expenses
6244
6822
19404
19540
26434
Interest expenses
5228
5728
16453
16654
22406
Operating expenses
1016
1094
2951
2886
4028
Operating Profit
1118
1114
3775
3239
5728
Provisions (net)
3302
1011
5704
2912
4855
Net Profit
(2184)
103
(1929)
327
873
Total business (deposits and advances) as of December 31, 2015 stood at `4,43,615 Crore as against `4,30,502 Crore 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) increased to 13% (as per Basel III) as of December 31, 2015 from 12.23%.High Cost Deposits (Bulk Deposits) down by 10% from ` 1,16,003 Crore to`1,04,699Crore.
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 by 14% to `4,662 Crore from `4,088 Crore.
Fee Based Income up by 14% to `1,476 Crore from `1,298 Crore.
Recoveries from written off A/Cs up by 219% to `83 Crore from `26 Crore.
Operating Profit increased from `3,239 Crore to `3,775Crore.
Advances also increased by 6% to `2,08,924 Crore as at end December 2015 as compared to `1,97,303 Crore as at end December 2014.
Aggregate assets as of December 31, 2015, stood at `3,38,489 Crore as against
`3,31,440 Crore as of December 31, 2014 registering a growth of 2%.
Profitability:IDBI reported a net loss of `2,184Crore for the quarter ended December 31, 2015 and `1,929 Crore for nine months period ended December 31, 2015 as against
`103Crore for the quarter ended December 31, 2014 and `327Crore 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 2015 to 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 Mahila Arthik 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.2,229 crore from the Government of India towards Preferential allotment of Equity Shares.
IDBI Bank conducted "Kisan Sangosthi‟ 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 42nd Skoch 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 Award 2015 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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Mumbai, February12, 2016
IDBI Bank Limited issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 11:49:25 UTC
Original Document: http://www.idbi.com/press/PressReleaseDec-15.pdf