Mumbai: IDBI Bank on Saturday reported a sharp 46.6 per cent quarter-on-quarter decline in its standalone net profit for the December quarter of FY26.
The bank recorded a net profit of Rs 1,935.45 crore for the quarter ended December 31, compared to Rs 3,627.36 crore in the July–September quarter of the same financial year.
On a year-on-year basis, however, net profit rose marginally by 1.42 per cent from Rs 1,908.27 crore reported in the corresponding quarter of FY25, as per the bank’s stock exchange filing.
Core income remained under pressure during the quarter, with net interest income declining 24 per cent year-on-year to Rs 3,209.5 crore from Rs 4,228.2 crore in the same period last year.
Asset quality showed modest improvement on a sequential basis. Gross non-performing assets declined to 2.57 per cent of total advances as of December 2025, compared to 2.65 per cent at the end of September 2025. Net NPAs also improved, easing to 0.18 per cent from 0.21 per cent in the previous quarter.
Deposits registered healthy growth over the year. Total deposits stood at Rs 3,07,858 crore as of December 31, 2025, up from Rs 2,82,439 crore a year earlier, reflecting a year-on-year increase of 9 per cent.
CASA deposits amounted to Rs 1,35,632 crore, translating into a CASA ratio of 44.06 per cent, compared with Rs 1,30,899 crore and a higher CASA ratio of 46.35 per cent as of December 31, 2024.
On the lending front, net advances rose to Rs 2,38,786 crore at the end of December 2025, from Rs 2,06,807 crore a year ago.
The provision coverage ratio, including technical write-offs, remained robust at 99.33 per cent, marginally lower than 99.47 per cent recorded in the year-ago period.
Meanwhile, shares of IDBI Bank ended 0.3 per cent lower on Friday at Rs 104.55 on the BSE.
With inputs from IANS