Banking News
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Source: Economic Times
Economic Times
Source
Earnings & Results
Category
3 min
Read time
17 Oct
Published
Earnings & Results
3 min read· Economic TimesIDBI Bank Q2 net profit falls 39% to Rs 2,205 crore on lower other income
IDBI Bank reported a 39% year-on-year decline in Q2 FY27 net profit to Rs 2,205 crore, mainly due to the absence of a one-time Rs 1,699 crore gain from the NSDL stake sale in the year-ago quarter. Excluding that gain, net profit would have risen 14%.
IDBI Bank reported a 39% year-on-year decline in Q2 FY27 net profit to Rs 2,205 crore, mainly due to the absence of a one-time Rs 1,699 crore gain from the NSDL stake sale in the year-ago quarter. Excluding that gain, net profit would have risen 14%.
Source: Economic Times