IDBI Bank reports 5% rise in profits on Y-o-Y basis
|
Highlights for Q1 FY
2026-27 v Net
Profit surges to ₹2,115 Crore for Q1 of FY 27 registering a YoY growth of
5%, and QoQ growth of 9%. v Net
Interest Income (NII) stood at ₹3,486 Cr, YoY growth of 10%. v Total business
stood at ₹5,84,725 Cr, YoY growth of 15%. v Total
Deposits stood at ₹3,25,757 Cr,
YoY growth of 10%. v Net
Advances stood at ₹2,58,968 Cr, YoY growth of 22%. v CASA
stood at ₹1,42,162 Cr, YoY up by 7%. v Gross
NPA down to 2.30%, YoY reduction by 63 bps. v Net
NPA down to 0.16%, YoY reduction by 5 bps. v Provision
Coverage Ratio (PCR) stood at 99.31%. v Return
on Assets (ROA) stood at 1.89%, QoQ growth of 14 bps. v CRAR
stood at 26.92%, improved by 153 bps YoY and 27 bps QoQ. v Credit
Deposit Ratio stood at 79.50%, improved by 810 bps YoY and 644 bps QoQ. |
Operating
Performance for Q1 of FY 2026-27
v Bank
has reported Net profit of ₹2,115 crores for Q1 FY 27 as against of ₹2,007
crores for Q1 FY 26. YoY growth of 5% and QoQ growth of 9%.
v Operating
Profit stood at ₹2,168 crores.
v Cost
of Deposit down to 4.59% in Q1 FY 27 as compared to 4.84% in Q1 FY 26. YoY reduction
is by 25 bps and QoQ reduction is by 1 bps.
v Cost
of Funds down to 4.68% in Q1 FY 27 as compared to 4.98% in Q1 FY 26. YoY reduction
is by 30 bps, QoQ reduction is by 3 bps.
v Net
Interest Income (Interest earned less Interest expenses) increased to ₹3,486 crore
in Q1 FY 27 as compared to ₹3,166 crore in Q1 FY 26. YoY growth of 10%.
v NIM
stood at 3.61%.
v Return
on Assets (ROA) stood at 1.89%. QoQ increase by 14 bps.
Business
Growth
§ Total Deposits increased by 10% YoY to ₹3,25,757
Crore as on June 30, 2026 as against
₹2,96,782 Crore as on June 30, 2025.
§ CASA increased by 7% YoY
to ₹1,42,162
Crore as on June 30, 2026 as against ₹1,32,467 Crore as on June 30, 2025.
§ CASA
ratio stood at 43.64% as on June 30, 2026.
§ Net Advances grew by 22% YoY to ₹2,58,968 Crore
as on June 30, 2026 as against ₹2,11,907
as on June 30, 2025. Net advances grew
by 2% QoQ as against ₹2,53,626
as on March 31, 2026.
§ The composition of Corporate v/s Retail
in Gross Advances portfolio stood at 30:70 as on June 30, 2026.
Asset
Quality
§ Gross NPA ratio improved
to 2.30% as on June 30, 2026 as against 2.93% as on June 30, 2025 and 2.32% as
on March 31, 2026.
§ Net NPA ratio stood at 0.16% as on June 30, 2026 as against 0.21% as on June
30, 2025.
§ Provision Coverage Ratio
(including Technical Write-Offs) stood at 99.31% as on June 30, 2026. The PCR is consistently above 99% since September
2023.
Capital Position
§ CRAR
improved to 26.92% as on June 30, 2026 as against 25.39% as on June 30,
2025 and 26.65% as on March 31, 2026.
§ Tier 1 Capital improved
to 26.38% as on June 30, 2026 as against 23.71% as on June 30, 2025 and 25.56%
as on March 31, 2026.
§ Risk Weighted Assets
(RWA) stood at ₹2,30,728 Crore as on June 30, 2026 as against ₹1,92,965 Crore as on June 30, 2025.
Significant developments
·
IDBI Bank was conferred the "APY
Annual Award of Ultimate Achiever" by the Department of Financial
Services, Ministry of Finance, in recognition of its outstanding achievement in
meeting the annual Atal Pension Yojana (APY) enrolment targets for FY 2025-26.
The award was presented at an event organized by the Pension Fund Regulatory
and Development Authority (PFRDA) in May 2026, underscoring the Bank's
commitment to advancing financial inclusion and social security initiatives
across the country.
·
IDBI Bank announced the launch of “IDBI
Innovate 2026”, a nationwide hackathon aimed at fostering innovation and
accelerating digital transformation within the banking ecosystem. The
initiative invited participation from start-ups, fintech companies, developers,
and innovators across India to develop technology-driven solutions for
real-world banking challenges. Through this platform, the Bank seeks to
leverage emerging technologies and innovative thinking to enhance customer
experience, strengthen operational efficiency, and support the future-ready
transformation of banking services.
·
IDBI Bank was honoured at the “Internal
Audit Excellence Awards 2026” for its pioneering use of the AI-enabled i
Netra system in strengthening internal audit processes. The recognition
underscores the Bank’s commitment to leveraging advanced technology to enhance
audit effectiveness, improve risk oversight, and set new benchmarks in
innovation-driven internal audit excellence.