Business
IDBI Bank Q2 profit falls 39% to Rs 2,205 crore
The Hindu BusinessLine··6h ago
IDBI Bank reported net profit of Rs 2,205 crore for the quarter ended September 2026, down 39 percent from Rs 3,627 crore a year earlier. The prior period included a Rs 1,699 crore gain from selling an NSDL stake. Net interest income rose 29 percent to Rs 4,228 crore. Gross NPAs eased to 2.12 percent from 2.65 percent.
Prism
What It Means For You
- Headline profit fell mainly because last year's NSDL sale gain did not repeat.
- Asset quality ratios improved even as operating profit eased to Rs 2,893 crore.
- The Fairfax stake sale remains the larger ownership story around the bank.
What's Happening
- Total income rose to Rs 9,865 crore from Rs 9,594 crore.
- Non-interest income fell 46 percent to Rs 1,353 crore.
- CRAR rose to 27.10 percent from 25.39 percent a year earlier.
The Privatisation Backdrop
- The government approved selling a 60.72 percent stake to Fairfax for about Rs 53,000 crore.
- Fairfax would pay Rs 81 a share for government and LIC stakes.
- The strategic sale is expected to close before the current financial year ends.
all-news
