IDBI Bank Q1 Results are out now. The Bank reported a net profit of 2007 Crores in Q1 FY26, which is almost 17% higher than last year’s 1719 crores. The Bank reported a total income of 8,458 crores in Q1 FY26, which is higher than the 7,471 crores in the previous year.
IDBI Bank Total Deposits increased to 2,96,868 crore as on Q1 FY26 as against 2,77,548 crore as on Q1 FY25, showing a growth of 7% YoY. IDBI Bank Total Business stood at 5,08,775 crore, showing 8% growth.
IDBI Bank Net advances stood at 2,11,907 crore in Q1 FY26 as against 1,94,026 crore as on Q1 FY25, showing a growth of 9% YoY. IDBI Bank Gross NPA improved to 2.93% in Q1 FY26 against 3.87% in Q1 FY25.
IDBI Bank also reported improvement in Net NPA to 0.21% against 0.23% last year.
IDBI Bank recently going through a huge transition phase. The government is going to disinvest in IDBI Bank. Government is inviting bids to acquire IDBI Bank from Private Players. Recently Government and LIC hold almost 95% stake in IDBI Bank. LIC and the Government are both planning to sell 60.72% stake in the bank.
Government is expecting to raise around 45,000 to 50,000 crores through this stake sale.
