IDBI Bank Q2 Net Profit Declines 39% Ahead Of Fairfax Acquisition

IDBI Bank reported a 39 percent standalone net profit decline to ₹2,205 crore for the September quarter of FY27, compared to ₹3,627 crore a year ago.

The earnings contraction largely reflected the absence of a one-time gain of ₹1,698.96 crore from the previous year's NSDL stake sale.

The financial results follow the government and LIC's approval of a 60.72 percent stake sale to Fairfax Financial Holdings valued at ₹52,878 crore.