OREANDA-NEWS. The Board of Directors of IDBI Bank Ltd. (IDBI) met in Mumbai to consider the audited financial results for the year ended March 31, 2014 which are as under:

Working results: (Rs. Crore)

　

Q4 2013-14

Q4 2012-13

FY 2013-14

FY 2012-13

Total Income

7866

7544

29576

28284

Interest income

6715

6397

26597

25064

Non-Interest Income

1151

1147

2979

3220

Total Expenses

6016

5950

23895

22825

Interest expenses

5141

4957

20576

19691

Operating expenses

875

993

3319

3134

Operating Profit

1850

1594

5681

5459

Provisions (net)

1332

1040

4560

3577

Net Profit

518

554

1121

1882

Profitability: IDBI reported a net profit of Rs. 518 Crore for the quarter ended March 31, 2014 and Rs. 1121 Crore for year ended March 31, 2014 as against Rs. 554 Crore for the quarter ended March 31, 2013 and Rs. 1,882 Crore for year ended March 31, 2013.

Total business (deposits and advances) as of March 31, 2014 stood at Rs. 4,33,460 Crore as against Rs. 4,23,423 Crore as of March 31, 2013 registering a growth of 2%.

Deposits increased to Rs. 2,35,774 Crore as at end March 2014 from Rs. 2,27,116 Crore as at end March 2013 reflecting a growth of 4%.

Advances also increased by 1% to Rs. 1,97,686 Crore as at end March 2014 as compared to Rs. 1,96,306 Crore as at end March 2013.

Aggregate assets as of March 31, 2014, stood at Rs. 3,28,997 Crore as against Rs. 3,22,769 Crore as of March 31, 2013 registering a growth of 2%.

CAR: The Bank's CAR stood at 11.68% (as per Basel III) as of March 31, 2014.

Significant developments from January to March 2014

IDBI Bank launched 'Kiosk Banking Solution' under Financial Inclusion Plan to bring about greater financial inclusion. Kiosk Banking Solution will offer on line web enabled biometric authentication banking services. This will help IDBI Bank to reach out to rural masses to bring them into main stream Banking System.

IDBI Bank won the Golden Peacock Corporate Social Responsibility Award for the year 2013. The awards were presented by Shri Nikhil Kumar, Hon'ble Governor of Kerala. IDBI Bank was adjudged the winner in the PSU Bank category for its outstanding achievements in the field of Corporate Social Responsibility and for demonstrating consistent commitment towards upliftment of socially weaker sections of the society.

The Apex Training Institution of IDBI Bank - Jawaharlal Nehru Institute of Banking and Finance (JNIBF), was awarded the coveted International Certification ISO 9001:2008 for its training programmes.

IDBI Bank won the 3rd Annual Greentech CSR Award for the year 2013 for its outstanding work with regard to reconstruction and development of the flood-affected Taru village in Ladakh as a 'Model Village' through the Community Based Disaster Risk Management approach and for demonstrating consistent commitment towards upliftment of socially weaker sections of the society. IDBI Bank was adjudged the winner in the 'Platinum Category' by an erudite jury set up by the Greentech Foundation, New Delhi,

IDBI Bank bagged the ABP Banking, Financial Service and Insurance Awards 2014 for 'Best Corporate Social Responsibility Practices'.

IDBI Bank, as part of Corporate Social Responsibility initiative, contributed Rs. 1 crore to the "Adyar Cancer Institute, Chennai" for a new floor at their existing premises for Day Care Chemotherapy patients.

IDBI Bank won the Maharashtra State Level Banker's Committee (SLBC) Rajbhasha Award for commendable use of Hindi in its various offices and branches located in Maharashtra.