IDBI Share Price Declines 6.35% on January 15, 2025

IDBI Bank Ltd has been in focus on Wednesday. On January 15, 2025, IDBI share price opened at ₹74.90, down from its previous close of ₹77.90. At 10:56 AM, the share price of IDBI was trading at ₹72.95, down by 6.35% on the NSE. Notably, the stock price touched its 52-week low recently on January 13, 2025, at ₹65.89.

Earlier this week in January 2025, IDBI Bank announced that its Board of Directors will meet on Monday, January 20, 2025, to review and approve the unaudited financial results for the quarter and nine months ended December 31, 2024, subject to a limited review by the statutory auditors.

Financial Highlights for Q2 FY 2025

For Q2 FY 2025, the bank’s net profit surged to ₹1,836 crore, reflecting a 39% year-on-year (YoY) growth and a 7% quarter-on-quarter (QoQ) increase. Net Interest Income (NII) stood at ₹3,875 crore, marking a 26% YoY growth, with a Net Interest Margin (NIM) of 4.87%, up 54 basis points YoY.

The Gross Non-Performing Assets (NPA) ratio improved to 3.68%, showing a reduction of 122 basis points YoY. Total deposits increased to ₹2,77,602 crore, up 11% YoY, while Net Advances grew by 19% YoY to ₹2,00,944 crore, reflecting the company’s healthy growth trajectory.

About IDBI Bank Ltd

IDBI Bank is involved in the business of monetary intermediation of commercial banks, saving banks, postal savings banks and discount houses.

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