IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
60-Word AI Digest
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%.
Key Takeaways
- 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%.
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%.
Original Publisher Attribution
This summary was curated from Economic Times.