IDBI Bank appoints Abhijit Chakravorty and Ketan Vikamsey as Independent Directors

IDBI Bank Limited appointed Shri Abhijit Chakravorty and Shri Ketan Vikamsey as Independent Directors following the passing of a special resolution at its 22nd Annual General Meeting held on July 21, 2026. The appointments are effective from May 19, 2026, and June 26, 2026, respectively, with both directors serving a consecutive term of two years. These changes were communicated to the stock exchanges on July 22, 2026.

Shri Abhijit Chakravorty (DIN 09494533) and Shri Ketan Vikamsey (DIN 00282877) were initially appointed as Additional Directors. Their brief profiles were submitted to the exchanges on April 30, 2026. The new designations as Independent Directors, not liable to retire by rotation, were formalized under the Companies Act, 2013, the Banking Regulation Act, 1949, and the bank's Articles of Association.

Board Composition

The appointments strengthen the bank's governance structure with the addition of two independent members to the Board.

Director	Designation	Tenure	Effective Date
Shri Abhijit Chakravorty	Independent Director	2 years	May 19, 2026
Shri Ketan Vikamsey	Independent Director	2 years	June 26, 2026

The intimation was made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.81%	-0.70%	-1.96%	-12.49%	-11.59%	+127.63%

IDBI Bank Ltd reported a standalone net profit of ₹2,115.18 crore for the quarter ended June 30, 2026, marking a 5% year-on-year increase from ₹2,007.36 crore in the same period last year. The bank's board approved the unaudited financial results at a meeting held on July 18, 2026. Net interest income (NII) rose 10% YoY to ₹3,486 crore, while total business grew 15% to ₹5,84,725 crore, driven by strong advances and deposit growth.

Financial Performance

The bank's total interest earned increased to ₹7,541.44 crore from ₹7,021.00 crore in Q1FY26. Other income stood at ₹1,031.58 crore. Operating profit for the quarter was ₹2,167.81 crore, with provisions and contingencies amounting to ₹636.87 crore. The cost of deposits declined to 4.59% in Q1FY27 from 4.84% in the year-ago quarter, while the cost of funds fell to 4.68% from 4.98%.

Metric	Q1FY27 (₹ in Crore)	Q4FY26 (₹ in Crore)	Q1FY26 (₹ in Crore)
Net Profit	2,115.18	1,943.00	2,007.36
Total Income	8,573.02	9,409.00	8,458.02
Interest Earned	7,541.44	7,798.00	7,021.00
Net Interest Income	3,486.00	3,851.00	3,166.00
Operating Profit	2,167.81	—	2,354.04

Asset Quality and Capital

Asset quality improved sequentially and annually, with gross non-performing assets (GNPA) declining to 2.30% of gross advances from 2.93% a year ago. Net NPAs (NNPA) stood at 0.16%, down from 0.21% in Q1FY26. The Provision Coverage Ratio remained robust at 99.31%. The Capital Adequacy Ratio (Basel III) strengthened to 26.92%, with a CET I Ratio of 26.38%, reflecting improved resilience.

Asset Quality Metric	Q1FY27	Q4FY26	Q1FY26
Gross NPA (%)	2.30%	2.32%	2.93%
Net NPA (%)	0.16%	0.15%	0.21%
Capital Adequacy Ratio	26.92%	26.65%	25.39%
CET I Ratio	26.38%	25.56%	23.71%
Provision Coverage Ratio	99.31%	99.39%	99.31%

Business Growth

Total deposits grew 10% YoY to ₹3,25,757 crore, while Current Account Savings Account (CASA) deposits increased 7% to ₹1,42,162 crore. Net advances surged 22% YoY to ₹2,58,968 crore, up 2% quarter-on-quarter. The CASA ratio stood at 43.64%, and the credit-deposit ratio improved significantly to 79.50%.