IDBI Bank Highlights of Q2 FY 16( Sept 30,2015) Financial Results vis-à-vis Q2 FY 15 (Sept 30, 2014)

• Business up by 3% to Rs. 4,43,943 Crore (from Rs. 4,33,063 Crore)

• CASA increased by 10% to Rs. 57,887 Crore (from Rs. 52,433 Crore)

• Advances up by 5% to Rs. 2,04,661 Crore (from Rs. 1,95,057 Crore)

• Total assets grew by 3% to Rs. 3,38,458 Crore (from Rs. 3,29,111 Crore)

• Operating Profit increased by 27% to Rs. 1519 Crore (from Rs. 1197 Crore )

• Net Profit up at Rs. 120 Crore against Rs. 118 Crore and ( Rs. 255 Crore as against Rs. 225 Crore showing 13% YoY growth).

• Net Interest Income increased by 15% to Rs. 1612 Crore (from Rs. 1406 Crore)

• Cost of funds reduced to 7.35% (from 7.88%)

• Net Interest Margin increased to 2.06% (from 1.93%)

• Cost to Net Income Ratio decreased to 38.15% (from 44.76%); one of the best in industry

• Incremental NPA reducing sequentially from March 2015

• Over 25 lac new SB A/cs and 1 lac new current accounts opened widening the customer base.

• Expanded network of Bank in retail segment started paying off, showing major contribution in segment wise income from retail business.

• The Bank’s efforts on rebalancing the portfolio yielded good results showing an increase of 5% in the retail advances at 32% in the current quarter as against 27% as at the end of corresponding quarter of previous year. Consequently there was a drop in the share of corporate/ wholesale advances from 73% to 68%.

The Board of Directors of IDBI Bank Ltd. (IDBI) met in Mumbai today to consider the unaudited financial results for the quarter ended September 30, 2015, which are as under:

Working results:

( Rs. in Crore)

Profitability:

IDBI reported a net profit of Rs. 255 Crore for the 6 months ended September 30, 2015 as against a net profit of Rs. 225 Crore in the corresponding period of previous year. IDBI reported a net profit of Rs. 120 Crore for the quarter ended September 2015 as against Rs.135 Crore for the quarter ended June 2015 and Rs. 118 Crore in the corresponding quarter ended September 2014 of previous year.

Total business(deposits and advances) as of September 30, 2015 stood at Rs. 4,43,943 Crore as against Rs. 4,33,063 Crore as of September 30, 2014, registering a growth of 3%.

CASA increased to Rs. 57,887 Crore as at end- September 2015 from Rs. 52,433Crore as at end- September 2014, reflecting a growth of 10%.

Advances also increased by 5%to Rs. 2,04,661 Crore as at end September 2015 as compared to Rs. 1,95,057 Crore as at end- September 2014.

Aggregate assets as of September 30, 2015, stood at Rs. 3,38,458 Crore as against Rs.3,29,111 Crore as at September 30, 2014, registering a growth of 3% .

Capital Adequacy Ratio (CAR) of the Bank (without considering half yearly profits) stood at (as per Basel III) 11.66% as of September 30, 2015.

Significant developments during FY 2015-16 (July 2015– September 2015)

• IDBI Bank signed The General Refinance Agreement (GRA) with Micro Units Development and Refinance Agency (MUDRA) Ltd. on July 01, 2015. As per the agreement, the Bank will offer credit facilities up to Rs. 10 lakh to Micro Enterprises, at a competitive interest rate under Pradhan Mantri Mudra Yojana (PMMY).

• IDBI Bank launched its first self service Mini Branch Kiosk at its Cuffe Parade, Mumbai Branch, which will address the customers’ request of personalized cheque leaves dispensation, issue of Demand Draft & Pay Order, deposit of cheque/ DD on 24X7 basis. IDBI Bank would be the first bank in the country to make these services available on 24X7 basis.

• IDBI Bank launched a new Loan Application Processing System for its Structured Retail Asset (SRA) Loans like Education loans, Personal Loans and Auto Loans. This system would bring about the standardization in processing/sanction and disbursements of these loans and would improve Turn Around Time for these loans.

• IDBI Bank launched its Tab Banking solution christened ‘JusTab’ to facilitate opening of accounts at the customers’ door step using a Tablet.

• IDBI Bank inaugurated its Treasury Business Continuity Centre (BCP) on August 28, 2015, at its Bandra Kurla Complex, Mumbai office. The BCP site will serve as a near-site alternative to the Bank’s main Treasury Dealing centre in the event of any business disruption/disaster.

• IDBI Bank has been awarded second prize in linguistic region Rs.B' of nationalised banks and financial institutions category of Rajbhasha Kirti Puraskar for the year 2014-15 for its outstanding performance in the use of Hindi. The award was presented by Honourable President of India Shri Pranab Mukherjee to Shri Kishor Kharat, MD and CEO, at Vigyan Bhavan, New Delhi on September 14, 2015.

• Honourable Prime Minister Shri Narendra Modi flagged off a Financial Inclusion Initiative funded by IDBI Bank, in Varanasi, on September 18, 2015.

• IDBI Bank’s loans, linked to Base Rate became cheaper following a 25 bps reduction in its Base Rate to 9.75% with effect from October 5, 2015. IDBI Bank took this pro-active step, keeping in view the recent policy measures announced by the RBI.