IDBI Bank Ltd

Share volume clarification

• Affirms compliance with LODR; no material undisclosed information; disinvestment process managed by DIPAM with ongoing disclosures.

Action & Ratings

• CRISIL reaffirmed IDBI Bank’s long-term ratings AA+/AA/Stable and short-term COD A1+.
• Infrastructure Bonds aggregating Rs 10,000 crore rated Crisil AA/Stable.
• Fixed Deposits rated Crisil AA+/Stable.
• Tier II Bonds (Basel III) aggregating Rs 3,100 crore rated Crisil AA/Stable.
• Omni Bonds Rs 5 crore rated Crisil AA/Stable.
• Certificate of Deposits Rs 40,000 crore rated Crisil A1+.
• Tier II Basel III bonds Rs 1,900 crore and Omni bonds Rs 1,000 crore withdrawn.

Rationale & Strengths

• Asset quality improving; GNPA 2.3% and NNPA 0.2%.
• Strong capitalisation; Tier I CAR 26.4% and overall 26.9%.
• Deposit base healthy; total deposits Rs 3,25,757 crore; CASA 43.64%.
• FY2026 earnings: net profit Rs 9,513 crore; RoA 2.2%.
• Q1 FY2027: PAT Rs 2,115 crore; RoA 1.9%.
• Liquidity: LCR 120.87% as of 30-Jun-2026.
• ESG profile supportive; governance with 55% independent directors.

Outlook & Sensitivities

• Outlook: Stable.
• Upward: ROA sustained above 2% and book growth.
• Downward: GoI/LIC support stance change; asset quality risk.

Financial snapshot

• FY2026: PAT Rs 9,513 crore; total income Rs 20,258 crore.
• As of 30-Jun-2026: total assets Rs 4,44,504 crore; CAR 26.9%.
• Q1 FY2027: PAT Rs 2,115 crore; RoA 1.9%.

Financial & operating highlights

• Net profit for Q1 FY27: ₹2,115 crore, YoY +5%, QoQ +9%.
• NII: ₹3,486 crore, YoY +10%.
• Total business: ₹5,84,725 crore, up 15% YoY.
• Total deposits: ₹3,25,757 crore, up 10% YoY.
• Net advances: ₹2,58,968 crore, up 22% YoY.
• CASA: ₹1,42,162 crore, up 7% YoY.
• Gross NPA: 2.30% (down 63 bps YoY).
• Net NPA: 0.16% (down 5 bps YoY).
• PCR: 99.31%.
• CRAR: 26.92%.
• Tier 1 capital: 26.38%.
• ROA: 1.89% (QoQ +14 bps).
• NIM: 3.61%.
• Cost of funds: 4.68% (down 30 bps YoY).
• Credit-Deposit Ratio: 79.50%.
• RWA: ₹2,30,728 crore.
• Total balance sheet: ₹4,44,504 crore.
• Corporate vs Retail in gross advances: 30:70.
• CASA ratio: 43.64%.

Significant developments

• Conferred APY Annual Award of Ultimate Achiever by DFS for FY 2025-26.
• Launched IDBI Innovate 2026 hackathon to drive digital transformation.
• Honoured at Internal Audit Excellence Awards 2026 for AI-enabled iNetra system.

Financial highlights

• Standalone Q1 FY27 total income ₹8,573.02 crore.
• PCR at 99.31% as at 30 Jun 2026.
• IFR discontinued; ₹1,277.83 crore transferred to General Reserve.
• CLA: 9 partners, ₹734.26 crore outstanding, ROI 9.05%, fees ₹0.27 crore.
• Stressed-loan transfers: 58 accounts totaling ₹734.55 crore.
• No stressed-loan acquisitions or SMA transfers in quarter.
• SRs: MTM loss ₹862.11 crore; 100% SR provision ₹3,543.43 crore; Govt-guaranteed SRs ₹2,432.33 crore.
• IDBI Foundation formed July 8, 2026; 100% equity subscribed (₹10 per share, 10,000 shares).

Regulatory & disclosures

• Pillar 3 disclosures (leverage, LCR, NSFR) not reviewed; disclosed on bank website.
• Auditors issued unmodified review reports for standalone and consolidated results.
• BCIL and NEDFCL results not material to the Group; not included in interim results.

Disinvestment context

• Strategic disinvestment is confidential; GOI is conducting the process; IDBI Bank cannot confirm or deny.
• Process is a competitive bidding; no negotiations by the Bank.

Key milestones

• May 5, 2021: In-principle approval from Cabinet Committee on Economic Affairs.
• Oct 7, 2022: KPMG India appointed; Link Legal engaged as advisory and transaction management.
• GOI to sell 30.48%, LIC 30.24%; total 60.72%.
• Oct 27, 2022 and Dec 14, 2022: amendments to PIM for EoI.

Regulatory approvals

• Jan 5, 2023: SEBI approval for GOI reclassification as public shareholder.
• Aug 23, 2025: SEBI approval for LIC reclassification as public shareholder.

Status and disclosures

• Bank has not received GOI finalisation; no undisclosed material information known; will disclose promptly if received.

Meeting Details

• Board meeting scheduled for July 18, 2026; time/venue not disclosed.

Key Agenda Items

• Consider/approve un-audited quarterly results for quarter ended June 30, 2026 (limited review).

Other Notes

• Trading window closed until July 20, 2026.

Dematerialisation/rematerialisation reporting

• Details of dematerialised/rematerialised securities for the reporting quarter were furnished to all listed stock exchanges.