IDBI Bank Highlights of FY 2015-16 financial results vis-à-vis FY 2014-15
May 20, 16.11 PM IST || Pocket News Alert
• Business increase to ` 4,81,613 Crore (from ` 4,68,213 Crore)
• Deposits increased to ` 2,65,720 Crore (from ` 2,59,836 Crore)
• Advances increased to ` 2,15,893 Crore (from ` 2,08,377 Crore)
• Total assets grew to ` 3,74,372 Crore (from ` 3,56,144 Crore)
• Net Interest Income(NII) for the year ended March 2016 up by 6% to ` 6,089 Crore
from ` 5,748 Crore for year ended March 2015
• Net Profit for the year ended on March 2016 down by 520% to (` 3,665) Crore from
` 873 Crore for the year ended March 2015.
Mumbai, May 20, 2016: The Board of Directors of IDBI Bank Ltd. (IDBI) met in Mumbai
today to consider the audited financial results for the year ended March 31, 2016 which
are as under:
Profitability: IDBI reported a net profit of (` 1,736) Crore for the quarter ended March
31, 2016 and (` 3,665) Crore for year ended March 31, 2016 as against ` 546 Crore for
the quarter ended March 31, 2015 and ` 873 Crore for year ended March 31, 2015.
Total business (deposits and advances) as of March 31, 2016 stood at ` 4,81,613 Crore
as against ` 4,68,213 Crore as of March 31, 2015 registering a growth of 2.86%.
Deposits increased to ` 2,65,720 Crore as at end March 2016 from ` 2,59,836 Crore as
at end March 2015 reflecting a growth of 2.26%.
Advances also increased by 3.61% to ` 2,15,893 Crore as at end March 2016 as
compared to ` 2,08,377 Crore as at end March 2015.
Aggregate assets as of March 31, 2016, stood at ` 3,74,372 Crore as against ` 3,56,144
Crore as of March 31, 2015 registering a growth of 5.12%.
Gross NPA as on March 31, 2016 stood at 10.98% (` 24,875 Crore) as compared to
5.88% (` 12,685 Crore) as at March 31, 2015 .
Net NPA as on March 31, 2016 stood at 6.78% (` 14,643 Crore) of net advances as
compared to 2.88% (` 5,993 Crore) as at March 31, 2015.
CAR: The Bank's CAR stood at 11.67% (as per Basel III) as of March 31, 2016.
Significant developments from January to March 2016
• IDBI Bank mobilised Rs.1900 crore through two separate issues of Basel III compliant Tier 2 bonds on private placement basis to strengthen its capital adequacy.
• IDBI Bank launched India’s first of its kind “Government Securities (G-Sec) Investment Facility through ATM for Retail Investors”.
• IDBI Bank received the ASSOCHAM Award 2015 for Financial Inclusion under Large Bank class and Government schemes category.
• IDBI Bank received the Lions CSR Precious Award 2016 from Lions Clubs International Foundation for IDBI Bank’s exemplary work in the field of social service.
• IDBI Bank was conferred “NetApp Innovation Awards 2016” under Enterprise Mobility Category for “Abhay Card App”.
• IDBI Bank won Banking Frontier’s “FINNOVITTI AWARD 2016” for BCBF APPLICATION for Financial Innovation through Innovative technology.
• IDBI Bank won IBA’s prestigious Banking Technology Awards under four categories.