IDBI Bank8217;s Q3 net up 58 to Rs 454 cr

During the quarter,IDBI8217;s net interest income NII stood at Rs 1,204 crore against Rs 717 crore in the corresponding quarter of the previous year.

Further,as of December 31,2010,the lender8217;s total business deposits and advances stood at Rs 2,84,729 crore,12 per cent more than the Rs 2,54,075 crore in the corresponding period of the last fiscal.

While,deposits grew by 5 per cent to Rs 1,50,239 crore,advances increased by 21 per cent to Rs 1,34,491 crore.

Meanwhile,during the quarter the bank8217;s Board of Directors has given in-principle approval to the merger of two its wholly-owned  subsidiaries 8212; IDBI Home Finance Ltd and  IDBI Gilts Ltd with itself,the filing said.