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IDBI Bank Q2 Results: Net profit drops 39 percent to Rs 2205 crore
- •IDBI Bank reported a 39 percent decline in its standalone net profit to Rs 2205.45 crore for the July-September quarter.
- •Total income increased by about 3 percent to Rs 9865.12 crore compared to the same quarter previous year.
- •Net Interest Income rose by 28.7 percent year-on-year to Rs 4228 crore.
- •Fairfax Financial Holdings from Canada is acquiring a 60.72 percent stake in IDBI Bank for approximately Rs 53000 crore.
Key Questions Answered
For the July-September 2026 quarter, IDBI Bank reported a 39 percent year-on-year decline in standalone net profit to ₹2,205.45 crore, primarily due to a high base effect from a previous one-off gain. Meanwhile, its net interest income (NII) grew 28.7 percent to ₹4,228 crore, and the net interest margin improved to 4.11 percent.
Canada's Fairfax Financial Holdings is acquiring a 60.72 percent stake in IDBI Bank through a deal valued at approximately ₹53,000 crore, paying ₹81 per share. Under this transaction, the central government will sell a 30.48 percent stake and LIC will sell a 30.24 percent stake.
During the September 2026 quarter, IDBI Bank's gross NPA ratio improved to 2.12 percent from 2.65 percent a year ago, while the net NPA ratio dropped to 0.17 percent. The bank's total business reached ₹6,27,216 crore, reflecting an 18 percent year-on-year increase.
