IDBI Bank witnessed a substantial 39% drop in net profit for the September quarter, primarily driven by d ...More

IDBI Bank witnessed a substantial 39% drop in net profit for the September quarter, primarily driven by decreased non-interest earnings. This follows a previous year where profits were significantly elevated by one-time gains. Nonetheless, net interest income saw a 29% increase year-on-year, indicating solid operational stability, although operating expenses surged by 19%. The bank's privatization, through the sale to Fairfax, aims to enhance performance and profitability. ...Less

IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off ...More

IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding this, profit rose 14%. Asset quality improved, deposits grew 17%, advances increased 18%, and net interest margins strengthened sequentially to 4.11%. ...Less

IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progres ...More

IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. The bank reported strong Q2FY27 business growth, while JM Financial highlighted loan growth, deposit mobilisation and margin pressures across the banking sector. ...Less

The bad loan provision almost doubled to Rs 5,481 crore from Rs 2,842 crore highlighting the ailing bank’ ...More

The bad loan provision almost doubled to Rs 5,481 crore from Rs 2,842 crore highlighting the ailing bank’s deteriorating asset quality. ...Less

IDBI Bank's provisions and contingencies for the quarter were at Rs 320 crore, compared to Rs 784.3 crore ...More

IDBI Bank's provisions and contingencies for the quarter were at Rs 320 crore, compared to Rs 784.3 crore a year ago. The bank had a reversal of provision towards non-performing assets to the tune of Rs 446 crore during the quarter. The pre-provision operating profit increased by over 13% YoY to Rs 2,326.50 crore. ...Less

The rupee too extended its fall to near four-and-a-half month low as broad gains in the dollar versus oth ...More

The rupee too extended its fall to near four-and-a-half month low as broad gains in the dollar versus other majors and Asian units hurt. ...Less