From The Economic Times · Veer Sharma · · 1m 30s
IDBI Bank Q2 Profit Drops 39% as NII Falls 49% YoY
IDBI Bank's Q2 net profit fell 39% YoY to Rs 2,205 crore, with net interest income dropping 49% to Rs 1,353 crore.
In brief
IDBI Bank's Q2 net profit fell 39% YoY to Rs 2,205 crore, with net interest income dropping 49% to Rs 1,353 crore. IDBI Bank reported a 39% YoY decline in Q2 net profit to Rs 2,205 crore, with net interest income falling 49% YoY to Rs 1,353 crore. Originally reported by The Economic Times.
IDBI Bank Q2 Profit Decline
IDBI Bank reported a 39% year-on-year decline in Q2 net profit to Rs 2,205 crore for FY27, compared with Rs 3,627 crore in Q2 FY26.
One-Off Gain Excluded
The bank noted a one-off gain of Rs 1,699 crore from NSDL sales in Q2 FY26, which was excluded from the current quarter's profit figures.
Net Interest Income Drop
Net interest income fell 49% year-on-year to Rs 1,353 crore, but rose 31% sequentially from Q1 FY27.
Asset Quality Improvement
The bank's gross non-performing asset ratio declined to 2.12% as of September 30, 2026, from 2.65% a year earlier.
CASA Deposits Growth
Current account and savings account deposits rose 12% to Rs 1.55 lakh crore, taking the CASA ratio to 43.82%.
Fairfax Financial Deal
Canada's Fairfax Financial Holdings won a 60.72% stake in IDBI Bank for Rs 52,878.08 crore, making it India's largest FDI deal in financial services.
Government Stake Reduction
The government will retain a 15% stake in IDBI Bank after the deal, with LIC holding 19% of the remaining shares.
The headline
IDBI Bank reported a 39% YoY decline in Q2 net profit to Rs 2,205 crore, with net interest income falling 49% YoY to Rs 1,353 crore.
