IDBI Bank shares in focus as Q2 net profit falls 39%; NII tanks nearly 50% YoY
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓IDBI Bank shares will be in focus after the lender reported a 39% year-on-year decline in Q2 FY27 net profit to Rs 2,205 crore.
- ✓Net interest income fell 49% to Rs 1,353 crore.
- ✓Despite this, the bank showed improvement in asset quality and deposits as Fairfax Financial pursues a stake.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
IDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous year. Despite this, underlying profitability, margins, asset quality, deposits and advances showed improvement. Meanwhile, Fairfax Financial’s proposed 60.72% stake acquisition marks a major milestone in the bank’s privatisation.
Shares of IDBI Bank will be in focus on Monday after the state-owned lender reported a 39% year-on-year (YoY) decline in net profit to Rs 2,205 crore for the second quarter of FY27, compared with Rs 3,627 crore in the year-ago period.
The bank said that Q2FY26 profit included a one-off gain of Rs 1,699 crore from the sale of its strategic investment in NSDL, according to a filing with the exchange. Excluding this gain, net profit and operating profit for Q2FY27 increased 14% and 59% YoY, respectively.
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The Economic Times
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