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IDBI Bank's Total Business Soars 18% to ₹6.27 Lakh Crore in Q2
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CNBC TV18•03-10-2026, 19:42
IDBI Bank's Total Business Soars 18% to ₹6.27 Lakh Crore in Q2
- •IDBI Bank reported an 18% year-on-year growth in total business, reaching ₹6.27 lakh crore in the second quarter.
- •Total deposits increased by 17% YoY to ₹3.56 lakh crore, while net advances grew 18% to ₹2.72 lakh crore.
- •The bank's Net Interest Income (NII) rose 10% from last year to ₹3,486 crore, and net profit saw a 5% YoY increase to ₹2,115 crore.
- •Asset quality remained stable, with Gross NPA at 2.3% (down from 2.32% in March) and Net NPA at 0.16% (up from 0.15% in March).
- •IDBI Bank's Net Interest Margins (NIMs) were 3.61%, a decrease of 7 basis points YoY and 54 basis points sequentially.
Key Questions Answered
IDBI Bank reported an 18% year-on-year growth in total business to ₹6.27 lakh crore in its Q2 business update. Total deposits grew by 17% year-on-year to reach ₹3.56 lakh crore, while net advances increased by 18% to ₹2.72 lakh crore.
Net profit for the period grew by 5% year-on-year to ₹2,115 crore, supported by a provision write-back of ₹636.89 crore. Asset quality remained stable, with Gross NPA at 2.3% and Net NPA standing at 0.16%.
The bank's Net Interest Margins (NIMs) faced pressure, dropping to 3.61%, which was 7 basis points lower than the previous year and 54 basis points down sequentially. Meanwhile, IDBI Bank shares closed at ₹87.10 on October 1, marking a 5.96% increase during the session.
