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Indian development finance institution
Industrial Development Bank of India or IDBI is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India. It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964, IDBI as a development finance institution, which provided financial services to industrial sector.
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IDBI Bank on Saturday reported a 39 per cent fall in net profit to ₹2,205 crore for the second quarter ended September 2026, as non-interest income moderated.The LIC-controlled bank earned a profit of ₹3,627 crore in the year-ago period, including a one-off gain of ₹1,699 crore from the sale of its…
Read more about IDBI Bank Q2 profit falls 39% on high base, underlying earnings rise 14% on Devdiscourse.
The lender said the year-ago quarter included a one-off gain of Rs 1,699 crore from the strategic sale of NSDL. Excluding this gain, net profit rose 14 per cent YoY.