IDBI Bank has earned a net profit of ₹2,115 crore in Q1FY27, up 5% year-on-year. The bank’s net interest income (NII) also increased by 10% to ₹3,486 crore. During this period, improvement in the asset quality of the bank was seen.
IDBI Bank has announced its results for the first quarter of financial year 2027. The net profit of the bank has increased by 5 percent on annual basis to Rs 2,115 crore. This increase was supported by double-digit growth in net interest income and strong credit growth. During this period, the asset quality of the bank also remained stable and Gross Non-Performing Assets (GNPA) improved to 2.30 percent.
According to the bank’s Q1 FY27 press release, “Net profit for Q1FY27 increased to ₹2,115 crore, registering a growth of 5% year-on-year (YoY) and 9% quarter-on-quarter (QoQ).” The bank had registered a net profit of Rs 2,007 crore in the same quarter of the last financial year.
NII and business growth
The bank’s net interest income (NII) rose 10 per cent year-on-year to Rs 3,486 crore from Rs 3,166 crore a year ago. Business growth remained strong during the quarter, with total business growing 15 per cent to Rs 5,84,725 crore. Total deposits also grew by 10 per cent to Rs 3,25,757 crore, while net advances grew by a strong 22 per cent to Rs 2,58,968 crore, reflecting continued momentum in loan growth.
asset quality improvement
On the asset quality front, the bank said, “Gross NPA declined to 2.30%, which declined by 63 bps YoY,” while “Net NPA declined to 0.16%, which declined by 5 bps YoY.” On a quarterly basis, gross NPAs improved marginally to 2.32 per cent, while net NPAs stood at 0.16 per cent as against 0.15 per cent in the previous quarter. Provision coverage ratio (PCR) remained strong at 99.31 percent.
other financial data
The bank also strengthened its capital position during the quarter. Its capital adequacy ratio (CRAR) improved to 26.92 percent from 25.39 percent a year ago, while the credit-deposit ratio improved to 79.50 percent from 71.40 percent a year ago. Return on Assets (ROA) stood at 1.89 percent. However, net interest margin (NIM) declined to 3.61 per cent from 3.68 per cent in the same quarter last year, while cost of deposits declined by 25 basis points YoY to 4.59 per cent, reflecting lower funding costs. The bank also said its corporate and retail advances portfolio mix as of June 30, 2026, was 30:70. (ANI)
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