IDBI Bank lifts quarterly earnings 4% as operating profit climbs 33%
IDBI Bank's September-quarter earnings rose 4% on the quarter to Rs 2,205 crore, while operating profit jumped 33%, TradingView reports.
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what happened
According to ru.tradingview.com, IDBI Bank earned Rs 2,205 crore in the three months to 30 September 2026, up from Rs 2,115 crore in the June quarter. Operating profit climbed 33% from the previous quarter to Rs 2,893 crore, which the bank attributed to stronger net interest income and better operating performance.
Net interest income rose 29% year on year and 21% sequentially to Rs 4,228 crore, while net interest margin widened to 4.11%. Total business grew 18% annually to Rs 6.27 lakh crore, with deposits up 17% and net advances up 18%. The gross NPA ratio fell to 2.12% from 2.65% a year earlier, and the capital adequacy ratio reached 27.10%.
The figures came days after India's Union Cabinet approved selling a 60.72% stake to Fairfax Financial Holdings for Rs 52,878 crore. The deal is expected to close by March 2027, subject to required procedures and approvals.
why it matters
For markets, the combination of solid profit growth and improving asset quality is a signal about Indian lenders more broadly. The pending sale of a majority stake to Fairfax also gives investors a clearer view of the bank's future ownership structure.
market impact
IDBI Bank and Indian lenders: strong quarter and the Fairfax deal shift sentiment around the stock
tags
instruments
sources
- IDBI Bank Profit Rises 4%; Operating Profit Jumps 33% — ru.tradingview.com, 17 October 2026 at 13:01 UTC
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