IDBI Bank Q2 Profit Falls 39% to Rs 2,205 Crore
IDBI Bank reported a 39% year-on-year decline in net profit to Rs 2,205 crore for the July-September quarter of FY27. Underlying profit rose 14%, with stronger interest income and improving asset quality; the decline was largely due to a one-time gain recorded a year earlier.
Mumbai, Oct. 17 -- IDBI Bank reported a 39 per cent year-on-year decline in net profit to Rs 2,205 crore for the July-September quarter of FY27, largely due to a one-time gain recorded last year, while its underlying profit grew 14 per cent amid stronger interest income and improving asset quality…