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For Immediate Publication / Broadcast / Telecast

PR/1105

IDBI Bank's 12M net up 60% to Rs. 1650 Crore

Highlights of FY11 financial results (FY11 Vs FY10)

Operating profit up 52.5% to Rs. 4158 Crore during FY11

Net profit up 60% to Rs. 1650 Crore during FY11

Fee based income grew by 22.8% to Rs. 1762 Crore (previous year Rs. 1435 Crore)

NII grew by 91.9% to Rs. 4329 Crore (previous year Rs. 2256 Crore)

Business increased to Rs. 3,37,584 Crore (previous year Rs. 3,05,869 Crore)

Deposits increased to Rs. 1,80,486 Crore (previous year Rs. 1,67,667 Crore)

Advances increased to Rs. 1,57,098 Crore (previous year Rs. 1,38,202 Crore)

Total assets grew to Rs. 2,53,377 Crore (Previous year Rs. 2,33,572 Crore)

Dividend proposed to be increased to 35% compared to 30% in the previous year

Mumbai, April 19, 2011: 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, 2011, which

are as under:

Working results:

(Rs. Crore) Q4 2010-11 Q4 2009-10 FY 2010-11 FY 2009-10Total Income 5701 4628 20685 17563Interest income 5025 4083 18601 15261

Non-Interest Income 676 545 2084 2302Total Expenses 4534 3934 16527 14836Interest expenses 3917 3321 14272 13005Operating expenses 617 613 2255 1831Operating Profit 1167 693 4158 2726Provisions (net) 651 375 2508 1695Net Profit 516 318 1650 1031

Profitability:

IDBI reported a net profit of Rs. 516 crore for the quarter and Rs. 1650 crore for the year

ended March 31, 2011, as against Rs. 318 crore and Rs. 1031 crore in the corresponding

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quarter and year ended March 31, 2010. This amounts to an increase in net profit by

60.05 % for the year.

Net Interest Income (NII) for the quarter ended March 31, 2011 stood at Rs. 1109 crore

as against Rs. 762 crore in the corresponding quarter of the previous year, recording a

growth of 45.5%. NII for the year ended March 31, 2011, stood at Rs. 4329 crore asagainst Rs. 2256 crore in the previous year, recording a growth of 91.9%.

Fee based income during the year has shown considerable improvement to Rs. 1762

Crore as against Rs. 1435 Crore in the previous year, recording a growth of 22.8%.

Total business (deposits and advances) as of March 31, 2011 stood at Rs. 3,37,584

Crore as against Rs. 3,05,869 Crore as of March 31, 2010, registering a growth of 10.4%.

Deposits increased to Rs. 1,80,486 Crore at end-March 2011 from Rs. 1,67,667 crore at

end-March 2010.

Advances increased to Rs. 1,57,098 crore, as compared to Rs. 1,38,202 crore as at

end- March 2010.

As of March 31, 2011, aggregate assets stood at Rs. 2,53,378 crore as against Rs.2,33,573 crore as on March 31, 2010.

Significant developments during FY 2010-11 (April March)

IDBI Bank brought a paradigm shift in banking by waiving charges on Current and

Savings Accounts transactions starting September 1, 2010. This is a measure to

further strengthen the Bank's bond with its customers. This initiative captures the

Banks philosophy of valuing the customers more than their money. IDBI Bank has merged two of its wholly owned subsidiaries, IDBI Home Finance

Ltd. and IDBI Gilts Ltd. with itself on January 1, 2011. In July 2010, IDBI Bank has received Rs. 3,119.04 Crore from the Government of

India towards consideration for preferential issue of equity shares to GoI at a price

of Rs.120.19 per share in terms of the approval accorded by the Shareholders at

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the sixth AGM of the Bank. With this capital infusion, GoI stake in IDBI Bank has

risen to around 65.13%. IDBI Bank Ltd. launched the Cash at POS facility at Mumbai. IDBI Bank is amongst

the first few banks to launch this facility. The facility would enable debit card

holders of any bank in India to withdraw cash of upto Rs.1000 per day at

designated merchant establishments by swiping their debit cards on the Point of Sale (POS) terminals. The facility can be availed of either as a pure cash

withdrawal or alongwith purchase of goods & services. The merchant

establishment will not levy any charges for dispensing cash. IDBI Bank has

decided to offer this facility free of charge to its debit card holders. IDBI Bank launched a multi-currency remittance facility for making payments in

miscellaneous currencies. With this facility, IDBI Bank now offers its customers,

remittance facility in more than 125 currencies. With increasing focus towards the Micro, Small & Medium Enterprises (MSME)

sector, IDBI Bank has signed a MoU with the Small Industries Development Bank

of India (SIDBI) for joint financing of MSMEs. Further, the Bank has signed another

MoU with World Resources Institute (WRI) for financing MSMEs for implementing

ESCO (Energy Saving Company) projects. In recognition of its initiatives in the SME sector, IDBI Bank has received the Best

Public Sector Bank award in SME Financing from global business information

provider Dun & Bradstreet (D&B) in August 2010. Given its focus on promoting Financial Inclusion, IDBI Bank has recently launched

Urban Financial Inclusion Drive to include the urban-poor population of the country

under the fold of banking services through an extensive usage of biometric smart

cards and hand-held devices. IDBI Bank has become a Registrar for Unique Identification Authority of India

(UIDAI). A Memorandum of Understanding (MoU) was signed by the Bank and

Unique Identification Authority of India (UIDAI), on January 10, 2011. IDBI Bankplans to dovetail its Financial Inclusion Plan with the UID enrolment for new

customers. It will also facilitate issuance of Aadhaar number for its existing

customers which will enable the Bank to deploy Aadhaar based services across

various delivery channels like ATMs and Micro ATMs. IDBI Bank was conferred the Award for the Fastest Growing Bank at Best Bank

Awards organized by Business Today. IDBI Bank was the recipient of the Award in

the Large Banks Category.

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IDBI Bank has been identified for award of The most admired Debt Financier in

Infrastructure Sector by KPMG and Infrastructure Today. IDBI Bank was conferred the Award for Brand Excellence at the World Brand

Congress 2010 organized by CMO, Asia. IDBI Bank was the recipient of the Award

in the Banking Category.

IDBI Bank Ltd. was awarded the coveted international certification ISO 9001:2008for all its Currency Chests across the country in June 2010. Subsequently, the

Bank was awarded the same certification for its Centralised Clearing Units across

the country. IDBI Bank, along with the technology partner Oracle won the Asian Banker

Technology Implementation Award 2011 for Best Data and Analytics Project for

implementing an analytics solution that measures and analyses interest rate and

liquidity risks, integrates its performance management framework and conducts

faster and robust scenario analyses. At the Banking Technology Awards instituted by the IBA, IDBI Bank received the

award for best use of Business Intelligence and best Risk Management. The Bank

was a runner up in the category for use of Technology in training and e-learning

initiatives.

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Shri. R. M. Malla, CMD, IDBI Bank addressing the media

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