IDBI pays Rs 114.5 cr dividend

Aug 16, 2010 |

Correspondent

IDBI BANK paid a dividend of Rs 3 per share for the financial year ended March 2010 on the share capital of the bank held by the government, the bank said in a statement. The dividend cheque was handed over to finance minister Mr Pranab Mukherjee by IDBI chairman and managing director Mr R M Malla on Saturday. During 2009-10, IDBI Bank posted a 20 per cent increase in its net profit at Rs 1,031 crore as against the last year. Operating profit of the bank rose 97.9 per cent to Rs 2,727 crore. The bank reported a Net Interest Income (NII) of Rs 2,267 crore as against Rs 1,239 crore in the previous year, recording a growth of 82.9 per cent.

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