IDBI Bank closed the session at ₹87.10, a 5.96% jump on the day, after reporting a 18% YoY increase in total business to ₹6.27 lakh crore and a 5% rise in net profit to ₹2,115 crore.
Deposits grew 17% YoY to ₹3.56 lakh crore, with CASA deposits up 12% to ₹1.56 lakh crore, while net advances rose 18% to ₹2.72 lakh crore. The bank’s net advances for the quarter increased 22% compared to the same period last year, underscoring a stronger credit push.
Asset quality held steady, with gross NPA at 2.3% (₹6,089 crore) and net NPA at 0.16% (₹425.5 crore). A provision write‑back of ₹636.89 crore helped lift profit, compared with ₹285 crore in March.
Net Interest Margin fell 7 basis points YoY to 3.61%, and 54 basis points lower than the 4.15% recorded in the previous quarter, reflecting tighter spreads and margin pressure. Sequentially, advances edged up 2%, but deposits slipped 6%, a sign of shifting funding dynamics.
Analysts note that while the bank’s growth trajectory remains solid, the narrowing margin and modest profit lift suggest caution ahead. Guidance for the next quarter is expected to focus on tightening spreads and maintaining asset quality as the bank navigates a competitive lending environment.