IDBI Bank, in which PSU insurer LIC holds a majority stake, reported a net profit of Rs 2,007 crore for the first quarter of FY26, marking a 17 per cent YoY increase. In the same quarter of the previous financial year, the bank had posted a net profit of Rs 1,719 crore.
The bank, which is controlled by LIC, reported a net profit of Rs 1,719 crore in the same quarter of the previous financial year.
For the June quarter of the financial year 2025–26, the bank’s total income increased to Rs 8,458 crore, compared to Rs 7,471 crore in the corresponding quarter last year, according to its regulatory filing.
According to the company, interest earned by the bank rose to Rs 7,021 crore, up from Rs 6,666 crore in the June quarter of FY25.
However, net interest income (NII) declined to Rs 3,166 crore, compared to Rs 3,233 crore in the first quarter of the previous year.
The bank’s operating profit increased to Rs 2,354 crore during the quarter, from Rs 2,076 crore a year earlier.
Asset quality also improved, with gross non-performing assets (NPAs) falling to 2.93 per cent of gross advances as of June 30, 2025, down from 3.87 per cent a year ago.
Similarly, net NPAs decreased to 0.21 per cent, compared to 0.23 per cent in the same period last year.
Net advances grew by 9 per cent, reaching Rs 2,11,907 crore as of June 30, 2025, compared to Rs 1,94,026 crore a year earlier.
The Provision Coverage Ratio (PCR) remained stable at 99.31 per cent at the end of the quarter.
Return on Assets (ROA) improved to 2.01 per cent in June 2025, up from 1.83 per cent in the previous year.
The bank’s capital adequacy ratio increased to 25.39 per cent, compared to 22.42 per cent in the corresponding quarter of FY25.
