IDBI Bank Achieves Impressive Profit Growth Despite NII Dip
IDBI Bank reported a 17% rise in net profit for Q1 of the 2025-26 fiscal year, reaching Rs 2,007 crore. Total income increased, but Net Interest Income declined slightly. The bank improved asset quality and maintained a high Provision Coverage Ratio while seeing a rise in Net Advances and Return on Assets.
- Country:
- India
IDBI Bank announced a notable 17% surge in its net profit for the first quarter of the current fiscal year, reaching Rs 2,007 crore. This compares to a net profit of Rs 1,719 crore recorded in the same period last year. The bank's total income jumped to Rs 8,458 crore from Rs 7,471 crore.
Despite the increase in total income, IDBI Bank experienced a slight drop in Net Interest Income, which fell to Rs 3,166 crore from Rs 3,233 crore in the previous fiscal's Q1. Operatively, the profit surged to Rs 2,354 crore, showcasing an improved financial standing.
Furthermore, the bank's asset quality saw enhancement with a decline in gross NPAs to 2.93% from 3.87%. Net NPAs also improved, dropping to 0.21% from 0.23%. The Provision Coverage Ratio remained stable at 99.31%, while the bank's capital adequacy ratio significantly increased to 25.39% from 22.42%.
(With inputs from agencies.)
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