Bansal News
Central Bank and IDBI profits drop
Rising cost of deposits and provisions for restructured loans and bad loans led IDBI Bank and Central Bank of India to report a drop in net profit for third quarter ended December 2011.
IDBI Bank’s net profit dipped to Rs 410 crore in third quarter from Rs 454 crore in October-December 2010. Its chief financial officer P Sitaram said an increase in costs of funds and reversal of interest on restructured
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