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Informist, Monday, Apr. 28, 2025

 

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--IDBI Bank Jan-Mar net profit INR 20.51 bln vs INR 16.28 bln year ago 
--IDBI Bank Jan-Mar total income INR 90.35 bln vs INR 78.87 bln year ago 
--IDBI Bank Jan-Mar provisions INR 2.33 bln vs INR 1.14 bln year ago 
--IDBI Bank to pay INR 2.10 per share dividend for FY25 
--IDBI Bank FY25 net profit INR 75.15 bln vs INR 56.34 bln year ago 
--IDBI Bank FY25 total income INR 338.26 bln vs INR 300.37 bln year ago 
--IDBI Bank gross NPA ratio 2.98% as on Mar 31 vs 3.57% qtr ago 
--IDBI Bank net NPA ratio 0.15% as on Mar 31 vs 0.18% qtr ago 
--IDBI Bank Basel-III capital adequacy ratio 25.05% as on Mar 31
--IDBI Bank total provision coverage ratio 99.48% as on Mar 31 
--IDBI Bank Jan-Mar net interest income INR 32.90 bln, down 11% on year 
--IDBI Bank Jan-Mar net interest margin 4.00% vs 5.17% quarter ago 
--IDBI Bank Jan-Mar cost-to-net income ratio at 40.25% 
--IDBI Bank net advances INR 2.18 tln as on Mar 31, up 16% on yr 
--IDBI Bank total deposits INR 3.10 tln as on Mar 31, up 12% on yr 
--IDBI Bank current, savings account ratio 46.56% as on Mar 31 
--IDBI Bank Jan-Mar cost of deposits at 4.83% vs 4.63% qtr ago 
--IDBI Bank Jan-Mar cost of funds at 4.97% vs 4.82% qtr ago 

 

By Vidhushi RajPurohit

 

MUMBAI – IDBI Bank's net profit rose 26% year-on-year in the March quarter despite a spurt in provisions and a fall in net interest income as a huge jump in other income propelled its bottom line. The private sector bank's net profit rose to INR 20.51 billion in Jan-Mar, as other income jumped nearly 130% on-year to INR 20.57 billion.

 

Shares of IDBI Bank ended 2.9% higher on Monday at INR 82.72 on the National Stock Exchange. The bank said it will pay a dividend of INR 2.10 per share for 2024-25 (Apr-Mar).

 

The bank's provisions more than doubled from a year ago to INR 2.33 billion in Jan-Mar, with the provision coverage ratio, including technical write-offs, rising to 99.48% as at the end of March. The gross non-performing assets ratio cooled to 2.98% as on Mar. 31 from 3.57% a quarter ago, while the net NPA ratio declined to 0.15% from 0.18%.

 

The bank's total income during the quarter rose 15% to INR 90.35 billion.

 

The bank's net interest income fell 11% on year to INR 32.90 billion, with the net interest margin moderating to 4.00% from 5.17% in Oct-Dec and 4.91% in Jan-Mar 2024. Net advances rose 16% to INR 2.18 trillion. IDBI Bank's cost of deposits rose to 4.83% in the last quarter of FY25 from 4.48% a year ago, and the cost of funds increased to 4.97% from 4.74% a year ago.

 

For 2025-26 (Apr-Mar), the net profit of the bank scaled to an all-time high of INR 75.15 billion, up 33% from the previous year. The total income of the bank during the year rose 13% to INR 338.26 billion.

 

As on Mar. 31, the total deposits of the bank rose by 12% to INR 3.10 trillion, of which the low-cost current account, savings account ratio was at 46.6%, down from 50.4% a year ago. The bank's net advances rose 16% on year to INR 2.18 trillion as on Mar. 31. In the total gross advances portfolio of the bank, the share of corporate and retail loans was in the ratio of 30:70. The Basel III capital adequacy ratio of the bank was at 25.05% as on Mar. 31, up from 22.26% in the previous year.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

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