IDBI Bank shares in focus as Q2 net profit falls 39%; NII tanks nearly 50% YoY
IDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous year. Despite this, underlying profitability, margins, asset quality, deposits and advances showed improvement. Meanwhile, Fairfax Financials proposed 60.72% stake acquisition marks a major milestone in the banks privatisation.
IDBI Bank reported a 39% YoY decline in Q2 FY27 net profit, partly due to a one-off gain in the previous year. Despite this, underlying profitability, margins, asset quality, deposits and advances showed improvement. Meanwhile, Fairfax Financials proposed 60.72% stake acquisition marks a major milestone in the banks privatisation.
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