HomeNewsBusinessEarningsSenior citizens to get addl 75 bps int in FDs: IDBI Bank

Senior citizens to get addl 75 bps int in FDs: IDBI Bank

Talking about IDBI Bank's numbers at a press conference, chairman and managing director RM Malla mentioned that no penalty will be levied for premature removal of fixed deposits. He also stated that senior citizens, henceforth, would get additional 75 basis points interest in FDs.

January 27, 2011 / 14:46 IST
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Public-sector lender IDBI Bank posted a 58.19% growth in its net profit for the quarter ended December 2010. Its PAT came in at Rs 454 crore for the quarter as against Rs 287 crore reported in same period last year. Its net interest income shot up by 67.92% to Rs 1,204 crore from Rs 717 crore (YoY), while the net non-performing assets (NPAs) dropped to 1.2% as on December 31 as against 1.4% (YoY).

Talking about the bank
first published: Jan 27, 2011 01:28 pm

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