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IDBI Bank Profit Edges Up Amidst Revenue Dip
17 Jan
Summary
- IDBI Bank reported a 1.42% rise in net profit for the December quarter.
- Net interest income declined 24% year-on-year in the same period.
- Asset quality improved sequentially with lower NPAs.
IDBI Bank reported a marginal 1.42% year-on-year increase in standalone net profit for the December quarter, amounting to Rs 1,935.45 crore. This growth occurred despite a substantial 24% year-on-year decline in net interest income, which fell to Rs 3,209.5 crore. The bank's financial performance for the quarter ending December 31, 2025, reflects mixed trends in its core operations.
Despite the dip in net interest income, IDBI Bank demonstrated an improvement in its asset quality. Gross non-performing assets decreased sequentially to 2.57% by the end of December, down from 2.65% in September 2025. Net NPAs also saw a marginal reduction, settling at 0.18%. Total deposits grew by 9% year-on-year to Rs 3,07,858 crore, while net advances increased by 15% to Rs 2,38,786 crore.
The bank's provision coverage ratio, including technical write-offs, stood at a robust 99.33% as of December 31, 2025. Return on equity for the quarter was reported at 14.49%, with a net interest margin of 3.52%. IDBI Bank shares closed slightly lower at Rs 104.55 on Friday ahead of the results announcement.
