IDBI Bank has reported strong Q2 FY25 results, with its net profit increasing by 39% year-on-year (YoY) to ₹1,836 crore. The bank’s Net Interest Income (NII) grew by 26% YoY, reaching ₹3,875 crore.
Key financial highlights for the quarter include:
Net Interest Margin (NIM) improved to 4.87%, reflecting a YoY growth of 54 basis points (bps).
Gross NPA reduced to 3.68%, a YoY reduction of 122 bps, while Net NPA fell to 0.20%, down by 19 bps YoY.
Provision Coverage Ratio (PCR) improved to 99.42%, marking a YoY growth of 32 bps.
The Cost to Income ratio dropped to 42.05%, compared to 47.63% in the previous period.
CASA deposits grew 4% YoY, standing at ₹1,33,639 crore.
Total Deposits rose by 11% YoY to ₹2,77,602 crore, while Net Advances increased by 19% YoY to ₹2,00,944 crore.
