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Bloomberg Quint

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IDBI Bank Q1 Updates: Net Advances Jump 9%, Deposits Up 7%

  • IDBI Bank reported an 8% year-on-year growth in total business for Q1 FY2026, reaching Rs 5.08 lakh crore.
  • Total deposits rose by 7% to Rs 2.96 lakh crore, while net advances increased by 9% to Rs 2.12 lakh crore.
  • Current account-savings account deposits at IDBI Bank fell 2% to Rs 1.33 lakh crore.
  • The government is finalizing its disinvestment in IDBI Bank, aiming to conclude the stake sale by March 2026, with financial bids likely to be invited in September.

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