For Immediate Publication / Broadcast / Telecast

Highlights of FY 2015-16 financial results vis-à-vis FY 2014-15

• 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:

Working results:
                                                                                                                                                 ( Crore)

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.

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सीआइएन / (CIN)L65190MH2004GOI148838