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Latest news about IDBI Bank

IDBI Bank's Q2 Profit Soars 97% to ₹3,627 Crore, Boosted by Strategic Divestment 1 day ago

IDBI Bank's Q2 net profit soared 97% year-on-year to ₹3,627 crore, driven by a strategic divestment and improved asset quality. The bank sold an 11.11% stake in NSDL through an IPO, generating a net gain of ₹1,699 crore. Total income rose to ₹9,594 crore, while operating profit increased to ₹3,523 crore. Gross NPAs decreased to 2.65% from 3.68%, and the capital adequacy ratio improved to 25.39%. Other income surged by 89.57%, offsetting a slight decline in interest earned.

Government Sets FY26 Deadline for IDBI Bank Stake Sale Oct 08, 2025

IDBI Bank Reports 12% Growth in Total Business, Net Profit Surges 16.8% Oct 04, 2025

IDBI Bank Disinvestment Process Expected to Conclude This Year, Says DIPAM Secretary Sep 22, 2025

Emirates NBD, Fairfax, Kotak Bank, and Oaktree Vie for Stake in IDBI Bank Sep 08, 2025

More news about IDBI Bank

05Sept 25

IDBI Bank Disinvestment Set for FY26 Completion, Says Finance Minister

Finance Minister Nirmala Sitharaman announced that the strategic sale of the government's majority stake in IDBI Bank is expected to be completed by the end of fiscal year 2026. The government and LIC currently hold a combined 94.72% stake in IDBI Bank. The proposed disinvestment involves selling 60.72% of the bank's equity share capital, with the government selling 30.48% and LIC selling 30.24%. Qualified interested parties are in the final stages of due diligence, expected to be completed by September. This privatisation is seen as a test case for the government's broader privatisation programme, which includes plans for stake dilution in select public sector banks and government-owned insurance companies.

03Sept 25

Kotak Mahindra Bank Enters Bidding Race for IDBI Bank Acquisition

Kotak Mahindra Bank has entered advanced discussions with the government to bid for IDBI Bank, joining international players like Emirates NBD and Fairfax Financial in the final stages of the bidding process. The government expects final bids next quarter and aims to finalize the top bidder by the end of the current financial year. Bidders are expected to pay $5-6 billion for a 60.72% equity stake, valuing IDBI Bank at $8-10 billion. The deal includes a controlling stake, 26% voting rights, and a commitment to reduce LIC's voting rights. Currently, the government owns 45.48% of IDBI Bank, while LIC holds 49.24%.

27Aug 25

Bank Officers' Union Opposes IDBI Bank Privatisation, Citing Breach of Parliamentary Assurance

The All-India Bank Officers' Confederation (AIBOC) strongly opposes the government's plan to privatise IDBI Bank, calling it a betrayal of a 2003 parliamentary assurance to maintain 51% government shareholding. Despite this, the government is proceeding with its disinvestment programme, with DIPAM Secretary Arunish Chawla indicating the stake sale may be completed this fiscal year. The government and LIC currently hold a combined 95% stake, with 60.72% earmarked for sale. AIBOC argues privatisation risks public savings and suggests alternatives like strengthening governance and capital infusion through public institutions.

23Aug 25

SEBI Approves LIC's Reclassification as Public Shareholder in IDBI Bank, Sets Strict Conditions

SEBI has approved the reclassification of LIC as a public shareholder in IDBI Bank, subject to nine conditions. Key conditions include capping LIC's voting rights at 10%, prohibiting control over bank operations, and requiring LIC to reduce its shareholding to 15% or below within two years. LIC cannot have board representation or special rights. The reclassification is part of IDBI Bank's strategic disinvestment process and requires compliance with all conditions to maintain approval.

22Aug 25

IDBI Bank Shares Dip 2.85% Amid Profit-Taking After Recent Rally

IDBI Bank shares fell 2.85% to Rs 94.80 during early trading on Wednesday, following a four-day rally that saw a 9% surge. The decline comes after an 8.2% gain in the previous session, driven by positive developments in the government's stake sale plans. DIPAM Secretary confirmed the completion of the expression of interest exercise for IDBI Bank's stake sale, with due diligence underway. The government aims to invite bids by Q3 of the current fiscal year. LIC currently owns 49.2% of IDBI Bank, while the government holds 45.5%. Despite the recent dip, the stock has gained 25% over the past year. CRISIL Ratings reaffirmed its ratings on IDBI Bank's debt instruments, citing improved asset quality, enhanced profitability, and healthy capitalization.

21Aug 25

IDBI Bank Sale Process Advances as Due Diligence Nears Completion

IDBI Bank officials confirm that all necessary information has been shared with potential buyers, and the due diligence process is in its final stages. The sale, part of the Indian government's divestment strategy, involves a stake sale of up to 60.72%. Currently, LIC holds 49.24% and the Government of India owns 45.48% of IDBI Bank. The bank reported strong Q1 performance with a net profit of Rs 2,007.00 crore, a 2.00% RoA, 2.90% GNPA ratio, and 0.20% NNPA ratio. IDBI Bank maintains robust capital adequacy with a Tier I ratio of 23.70% and an overall ratio of 25.40% under Basel III norms.

16Aug 25

IDBI Bank to Redeem Rs 1,000 Crore Tier 2 Bonds Ahead of Schedule

IDBI Bank's Board of Directors has approved exercising a call option on its IDBI Omni Tier 2 Bond, 2015-16 Series I, worth Rs 1,000 crore. The bonds, originally set to mature on December 31, 2030, will now be redeemed at par value on December 31, 2025. This early redemption includes payment of accrued interest and is subject to regulatory approval. The bonds carry a coupon rate of 8.62% and were initially allotted on December 31, 2015.

12Aug 25

IDBI Bank to Consider Call Option on Rs 1,000 Crore Tier 2 Bonds

IDBI Bank has scheduled a board meeting for August 16, 2025, to discuss exercising the call option on its 'IDBI Omni Tier 2 Bond 2015-16 Series I'. The bonds, with ISIN INE008A08V00, have a face value of 1,000.00, an 8.62% coupon rate, and a maturity date of December 31, 2030. The call option date is set for December 31, 2025. This decision could impact the bank's tier 2 capital and debt structure. The bank has informed the Bombay Stock Exchange about the meeting in compliance with SEBI regulations.

08Aug 25

IDBI Bank Offloads 11.11% Stake in NSDL for Rs 1,777 Crore Through IPO

IDBI Bank sold 22.22 crore equity shares (11.11% stake) in National Securities Depository Ltd (NSDL) at Rs 799.87 per share via IPO. The sale generated gross proceeds of Rs 1,777.31 crore, with net consideration of Rs 1,703.14 crore. IDBI Bank received Rs 1,621.32 crore on August 7, 2025. Post-sale, IDBI Bank retains a 14.99% stake in NSDL, which is no longer classified as an associate company. The NSDL shares were listed on BSE on August 6, 2025.

08Aug 25

IDBI Bank Divests NSDL Shares for ₹1,700 Crore, Retains 15% Stake

IDBI Bank sold 11.11% stake in National Securities Depository Limited (NSDL) during its IPO, generating ₹1,703.14 crore net consideration. The bank offered 22,22,00,000 equity shares at ₹799.87 per share through an Offer for Sale. Post-transaction, IDBI Bank retains a 14.99% stake in NSDL, which is no longer classified as an associate company. The sale closed on August 1, with NSDL shares listing on BSE on August 6, and IDBI Bank receiving funds on August 7.

01Aug 25

IDBI Bank Strategic Sale Progresses, ESG Rating Disclosed

IDBI Bank's strategic sale process has reached a key stage with completed due diligence. Financial bids are expected between October and December, with potential finalization by March 2026. The government has appointed advisors for the stake sale and is conducting weekly reviews on capital management. Separately, IDBI Bank received an ESG rating of 87 from CFC Finlease Private Ltd for the financial year ended March 31, 2025.

01Aug 25

IDBI Bank Advances in Stake Sale Process, Completes Due Diligence

IDBI Bank has completed the due diligence process for its stake sale, planning to invite financial bids between October and December. The government has concluded discussions with potential buyers, with a successful bidder announcement expected by March end. Separately, CFC Finlease Private Ltd. assigned IDBI Bank an ESG rating of '87' for the financial year ending March 31, 2025, based on independent research.

30Jul 25

IDBI Bank Mourns the Loss of Part-time Chairman T. N. Manoharan

IDBI Bank announced the passing of Shri T. N. Manoharan, Independent Director and Part-time Chairman, on July 30, 2025. Manoharan had been associated with the bank since February 24, 2022, contributing significantly during his tenure. The bank has officially informed stock exchanges about this event in compliance with SEBI regulations. Recently, IDBI Bank received ESG ratings from Crisil ESG Ratings & Analytics Ltd. ('Crisil ESG 63 - Strong' and 'Crisil Core ESG 64') and SES ESG Research Pvt Ltd. (73.10) for the financial year ended March 31, 2025.

29Jul 25

IDBI Bank Secures 73.1 ESG Rating

IDBI Bank has been awarded an Environmental, Social, and Governance (ESG) rating of 73.10 by SES ESG Research Pvt Ltd., a SEBI-registered Category II ESG Rating Provider. The rating was conducted through a subscriber pay model using only publicly available information, ensuring independence and objectivity. IDBI Bank disclosed this information to stock exchanges in compliance with SEBI regulations. This ESG rating provides stakeholders with a metric to assess the bank's sustainability and corporate responsibility efforts, potentially influencing investor perceptions.

24Jul 25

IDBI Bank Sale Expected by December, Pending Inter-Ministerial Group Approval

IDBI Bank's ownership change is progressing, with the sale potentially concluding by December, subject to inter-ministerial group approval. The bank recently declared a dividend of Rs. 2.10 per equity share and addressed corporate governance matters in its AGM, including director reappointments and approval of related party transactions with LIC entities. The sale represents a significant step in the government's divestment strategy and could have broader implications for India's banking sector.

21Jul 25

IDBI Bank Reports 16.8% Surge in Q1 Net Profit, Asset Quality Shows Mixed Results

IDBI Bank's Q1 results show significant growth with net profit rising 16.8% to ₹2,007.36 crore. Interest income increased by 5.3% to ₹7,021.00 crore. The bank's Gross Non-Performing Assets ratio improved to 2.93%, while Net Non-Performing Assets ratio slightly increased to 0.21%. Corporate/Wholesale banking, Retail banking, and Treasury operations all reported profits. The bank's Capital Adequacy Ratio stands strong at 25.39% under Basel III norms.

19Jul 25

IDBI Bank to Unveil Q1FY26 Financial Results on July 21

IDBI Bank will release its Q1FY26 financial results on July 21. The bank's board will meet to approve the unaudited results for the quarter ended June 30, 2025. IDBI Bank has over 2,100 branches and 3,000 ATMs across India. In Q4FY25, the bank reported a 25.2% increase in consolidated net profit and a 14.2% rise in total income. The bank's stock has shown mixed performance recently, with a 28.16% year-to-date increase. The trading window for designated persons is closed from July 1 until 48 hours after the results announcement.

10Jul 25

IDBI Bank Stake Sale: Anticipated Conclusion by October

IDBI Bank's anticipated stake sale is reportedly nearing completion, with the process expected to conclude by October this year, according to a Financial Express report. While specific details about the stake size and potential buyers remain undisclosed, the sale could lead to significant changes in the bank's strategic direction and operations. The market is closely watching for official announcements as the reported timeline approaches.

10Jul 25

Indian Government Aims to Finalize IDBI Bank Stake Sale by October

The Indian government plans to finalize the sale of its stake in IDBI Bank by October this year, as part of its broader divestment strategy. While specific details about the current government holding and potential buyers are not disclosed, this move signals a significant change in the bank's ownership structure. The timeline suggests an accelerated schedule, which could lead to changes in the bank's management and strategic direction. The stake sale process is subject to market conditions and regulatory approvals.

09Jul 25

Indian Government Aims to Divest IDBI Bank Stake by October, Plans OFS for Five PSU Banks

The Indian government plans to complete the sale of its stake in IDBI Bank by October this year, as part of its divestment goals in the banking sector. This move is part of a broader strategy to reduce government presence in non-strategic sectors. Additionally, five public sector banks have been approved for Offer for Sale (OFS) transactions, and public sector banks are projected to raise ₹45,000 crore through Qualified Institutional Placements (QIPs) this fiscal year.

07Jul 25

Government Panel to Finalize IDBI Bank's Strategic Disinvestment Draft

An inter-ministerial group is set to meet to finalize the draft Share Purchase Agreement for IDBI Bank's strategic disinvestment. The government and LIC plan to divest a 60.72% stake while retaining a combined 34% ownership. Financial bids from shortlisted buyers are expected before September end, with the process targeted for completion in FY26. This marks a significant step in the government's disinvestment strategy for public sector enterprises.

07Jul 25

IDBI Bank Reports Robust Growth in Deposits and Advances

IDBI Bank has announced significant growth in its financial metrics. Total deposits increased by 7% year-on-year as of June end, while provisional net advances grew by 9% compared to the same period last year. The bank's total assets rose by 13.22% to Rs 411,661.00 crore, investments increased by 2.20% to Rs 117,467.50 crore, and shareholder's capital grew by 20.79% to Rs 60,251.00 crore. Current assets saw a substantial increase of 38.73% to Rs 57,631.80 crore.

04Jul 25

IDBI Bank Reports Robust Growth in Deposits and Advances

IDBI Bank announced a 7% year-over-year increase in total deposits and a 9% rise in provisional net advances as of June 30. The bank's balance sheet shows a 13.22% growth in total assets to 411,661.00 crore rupees, with current assets increasing by 38.73%. Investments grew by 2.20%, while shareholders' capital rose by 20.79% to 60,251.00 crore rupees.

04Jul 25

IDBI Bank: Q1 Business Grows 8%, Disinvestment Process on Track

IDBI Bank has shown significant growth in Q1, with total business up 8% YoY to ₹5.08 lakh crore. Total deposits increased by 7% to ₹2.96 lakh crore, while net advances grew 9% to ₹2.12 lakh crore. CASA deposits rose 5% to ₹1.34 lakh crore. The government's disinvestment process for IDBI Bank is in its final phase, with the stake sale targeted to conclude by March 2026.

30Jun 25

IDBI Bank Disinvestment Enters Final Phase, Government Targets FY26 Completion

The Indian government has entered the final stage of IDBI Bank's disinvestment process, aiming to conclude by March 2026. The Share Purchase Agreement has been approved by an Inter-Ministerial Group, with financial bids expected by September. Three bidders remain in contention, and the government anticipates raising Rs 40,000-50,000 crore from the sale. IDBI Bank shares jumped nearly 5% following the announcement. A confidential reserve price will be set, and a core group of secretaries will review the plans soon.

30May 25

Emirates NBD Emerges as Frontrunner for IDBI Bank Stake Acquisition

Emirates NBD is reportedly leading the race to acquire a stake in IDBI Bank, as per a Moneycontrol report. The Department of Investment and Public Asset Management (DIPAM) has been discussing valuations with potential bidders. This aligns with the Indian government's disinvestment strategy for public sector banks. The potential entry of Emirates NBD into the Indian market could have significant implications for the banking sector. Details about the stake size and valuation remain undisclosed. The process is ongoing, and market observers await official announcements and regulatory approvals.

13May 25

IDBI Bank Sells 21.14% Stake in PIPDIC to Puducherry Government for ₹188.3 Million

IDBI Bank has divested its 21.14% stake in the Puducherry Industrial Promotion Development and Investment Corporation (PIPDIC) to the Government of Puducherry for ₹188.30 million. This strategic move aligns with IDBI Bank's efforts to streamline its investment portfolio. While the transaction's financial impact is relatively small compared to the bank's overall assets, it reflects IDBI's commitment to optimizing its asset allocation. Recent financial data shows IDBI Bank's total assets increased by 9.89% to ₹363,190.00 crore, and investments grew by 15.29% to ₹114,933.90 crore compared to the previous year.

05May 25

IDBI Bank Stake Sale: Government Sets 2025 End Target

The Indian government has confirmed its plan to complete the divestment of its stake in IDBI Bank by the end of 2025. M Nagaraju, Secretary of the Department of Financial Services, announced the timeline for this significant banking sector divestment initiative. The stake sale, once finalized, could potentially lead to changes in IDBI Bank's management and strategic direction.

28Apr 25

IDBI Bank: Q4 Profit Surges 25%, Dividend Announced

IDBI Bank announced its Q4 FY2023 results, reporting a 25.2% year-on-year increase in consolidated net profit to ₹2,072.00 crore. The bank's performance was marked by stable interest income and a significant jump in other income. Asset quality improved with GNPA ratio decreasing to 2.98% and NNPA ratio reducing to 0.15%. The bank maintained a strong Capital Adequacy Ratio of 25.05% and improved Return on Assets to 2.11%. The Board recommended a dividend of ₹2.10 per equity share for FY2023.

26Apr 25

IDBI Bank to Announce Q4 and FY25 Results, Consider Dividend on April 28

IDBI Bank Ltd will release its Q4 and FY2025 financial results on April 28, 2025. The board meeting will also consider dividend recommendations. A trading window closure for designated persons is in effect from April 1 to April 30, 2025, to prevent insider trading.

23Apr 25

IDBI Bank Board to Meet for Q4 Results and Dividend Decision

IDBI Bank Ltd. has announced a board meeting for April 28, 2025, to review and approve Q4 and FY2025 audited financial results and consider dividend distribution. The bank has implemented a trading window closure for designated persons until April 30, 2025, in compliance with SEBI regulations.

09Apr 25

IDBI Bank Stake Sale Progresses as Government Pushes Disinvestment Plans

The Indian government is progressing with its plan to sell its stake in IDBI Bank as part of its disinvestment strategy for public sector banks. Simultaneously, IDBI Bank has issued a postal ballot notice to shareholders for voting on special business matters. The e-voting period is set from April 9 to May 8, 2025, with results to be declared by May 10, 2025. The bank has appointed KFin Technologies Limited to manage the remote e-voting process and has named scrutinizers to ensure a fair voting procedure.

03Apr 25

IDBI Bank Reports Robust 13% Growth in Total Business for Q4 FY25

IDBI Bank's Q4 FY25 business update shows significant growth across key metrics. Total business increased by 13% YoY to ₹5,28,714.00 crore. Total deposits grew by 11.75% to ₹3,10,293.00 crore, while net advances rose by 15.8% to ₹2,18,421.00 crore. CASA deposits increased by 3.18% to ₹1,44,478.00 crore. The bank also promoted three executives to Executive Director positions, effective April 1, 2025.

21Mar 25

IDBI Bank Faces ₹36.3 Lakh RBI Penalty for FEMA Violation

IDBI Bank has been penalized ₹36.30 lakh by the Reserve Bank of India for violating Foreign Exchange Management Act regulations. The bank failed to conduct proper due diligence on 363 inward remittances from a foreign currency account between June 2016 and January 2023. IDBI Bank disclosed the penalty to stock exchanges as per SEBI regulations, stating it won't impact their financial operations.

10Mar 25

IDBI Bank Privatisation: Government Aims to Seal Deal by First Half of FY26

The Indian government is advancing the privatization of IDBI Bank, planning to finalize the share purchase agreement this month. Financial bids from prospective buyers will be invited soon. The sale involves a combined 60.72% stake from the government (30.48%) and LIC (30.24%). The privatization process is expected to complete by H1FY26. Due diligence has been completed and data-related issues resolved, marking significant progress in the divestment process.

03Mar 25

IDBI Bank Secures £114 Million Victory in London Court Against Ex-Aircel Promoter

A London court has ruled in favor of IDBI Bank, ordering Chinnakannan Sivasankaran's Siva Industries to pay $143.7 million (₹1,250 crore) for a defaulted loan. The court rejected Siva Industries' argument that a letter of comfort doesn't impose the same liability as a corporate guarantee. While this verdict strengthens IDBI Bank's position internationally, enforcing the judgment in India may face challenges despite the UK being a reciprocating territory for legal matters.