IDBI Bank Ltd. began FY2026-27 on a strong note, reporting a 5 per cent year-on-year rise in net profit to ₹2,115 crore for the quarter ended June 30, 2026, reflecting steady business expansion, improved asset quality and lower funding costs. The Board of Directors approved the financial results at its meeting held in Mumbai on Saturday. The bank’s Net Interest Income (NII) grew 10 per cent to ₹3,486 crore, while operating profit stood at ₹2,168 crore. Total deposits increased 10 per cent year-on-year to ₹3.26 lakh crore and net advances rose 22 per cent to ₹2.59 lakh crore, with the corporate-to-retail advances mix maintained at 30:70.
The CASA ratio stood at 43.64 per cent, Net Interest Margin (NIM) at 3.61 per cent and Return on Assets (ROA) improved to 1.89 per cent. Cost of deposits declined to 4.59 per cent and cost of funds eased to 4.68 per cent, highlighting improving operational efficiency. Asset quality remained robust, with Gross NPA improving to 2.30 per cent, Net NPA at 0.16 per cent and the Provision Coverage Ratio staying above 99 per cent at 99.31 per cent. The Capital Adequacy Ratio strengthened to 26.92 per cent. During the quarter, IDBI Bank was honoured with the APY Annual Award of Ultimate Achiever by the Department of Financial Services for achieving Atal Pension Yojana enrolment targets for FY2025-26.
It also launched the nationwide IDBI Innovate 2026 hackathon to drive technology-led banking innovation and received recognition at the Internal Audit Excellence Awards 2026 for its AI-enabled i Netra audit platform. In Guwahati, IDBI Bank’s improving profitability, healthy capital buffers and sustained credit growth are positive indicators for the banking sector. The bank’s emphasis on digital transformation, fintech collaboration and financial inclusion is expected to support increasing banking activity among retail customers, tea traders, small businesses and MSMEs in the Northeast, while its stronger balance sheet could enhance lending opportunities and strengthen investor confidence in the region’s financial services market.
