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IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.
IDBI Bank Limited has received a strike notice from employee unions supporting various demands, which may impact near-term operational activities and branch services.
The Exchange has sought clarification from IDBI Bank Limited with respect to recent news item captioned Fairfax plans IIFL Finance exit to fund IDBI Bank bid. The response from the Company is attached.
IDBI Bank's Executive Director, Shri Sunit Sarkar, has stepped down from his Senior Management role due to superannuation. This marks a change in the bank's top leadership structure.
IDBI Bank re-designated Shri Abhijit Chakravorty and Shri Ketan Vikamsey from Additional to Independent Directors. This move, approved at the AGM, strengthens the board's independence with a two-year term for each.
IDBI Bank's Q1 FY27 net profit rose 5% YoY to ₹2,115 Cr. NII grew 10% to ₹3,486 Cr. Net advances surged 22%, deposits 10% YoY. Asset quality improved sharply with Gross NPA at 2.30% and Net NPA at 0.16%. The bank also launched 'IDBI Innovate 2026'.