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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
The Cabinet Committee on Economic Affairs approved Fairfax Financial Holdings Ltd. to acquire a 60.72% stake for ₹52,878 crore (₹81 per share). The transaction involves divesting 30.48% from the Government of India and 30.24% from LIC. Upon completion, subject to regulatory approvals, Fairfax will become the promoter with management control.
LIC will sell its 30.24% stake but retain a residual 19% holding while withdrawing board nominees. LIC MD & CEO R Doraiswamy stated the sale has limited impact on bancassurance, as the insurer plans to expand partnerships under an open-architecture model. LIC reported Q2FY27 standalone net profit rose 20% year-on-year to ₹12,076 crore.
CRISIL placed IDBI’s long-term debt instruments on ‘Rating Watch with Positive Implications’ and reaffirmed its ‘Crisil A1+’ CD rating. ICRA placed the long-term rating on ‘Watch with Developing Implications’ but confirmed the CD programme rating remains unchanged at [ICRA]A 1+. These actions follow the October 14, 2026 announcement of the deal approval.
IDBI Bank received a notice of a proposed strike on November 2 and 3, 2026, jointly from the All India IDBI Officers' Association and the All India Industrial Development Bank Employees' Association. The strike was in support of their demands, and the bank notified the NSE under SEBI LODR Regulations.
As of 06 Nov 2026, 03:30 pm
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Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | ₹9,264 crore | ₹8,633 crore | PEAK₹9,936 crore |
| Interest Earned | ₹7,109 crore | ₹7,549 crore | PEAK₹8,519 crore |
| Interest Expended | ₹3,816 crore | ₹4,053 crore | PEAK₹4,282 crore |
| Operating Profit Before Provision And Contingencies | PEAK₹3,147 crore | ₹2,193 crore | ₹2,925 crore |
| Profit Loss From Ordinary Activities Before Tax | PEAK₹3,797 crore | ₹2,829 crore | ₹2,914 crore |
| Profit Loss After Taxes Minority Interest And Share Of Profit Loss Of Associates | PEAK₹323 crore | ₹2,127 crore | ₹2,214 crore |
| Basic Earnings Per Share After Extraordinary Items | PEAK₹3 per share | ₹1.98 per share | ₹2.06 per share |
Expenditure excluding provisions and contingencies rose 8.9% sequentially to ₹7,012 crore. Employee costs increased 15.2% to ₹1,349 crore, while other operating expenses rose 13.5% to ₹1,381 crore. The slower growth in total expenditure than in income accompanied the sequential increase in operating profit.
At 30 September 2026, advances stood at ₹2,71,530 crore, compared with ₹2,53,624 crore at 31 March 2026 and ₹2,30,218 crore at 30 September 2025. Deposits were ₹3,55,224 crore, up from ₹3,46,776 crore at 31 March 2026 and ₹3,03,212 crore a year earlier.
Gross NPAs fell 3.8% sequentially to ₹5,860 crore at 30 September 2026. The gross NPA ratio declined to 2.12%, from 2.30% at 30 June 2026 and 2.65% at 30 September 2025.
Net NPAs increased 8.3% sequentially to ₹461 crore, and the net NPA ratio edged up to 0.17% from 0.16% at 30 June. The two measures therefore moved in different directions during the quarter.
The CET1 ratio was 26.67% at 30 September 2026, compared with 26.50% at 30 June and 23.94% a year earlier. Return on assets was 1.83%, down from 1.89% in Q1 FY2026-27 and 3.55% in Q2 FY2025-26. Total assets were ₹4,82,869 crore at 30 September 2026, and the Government of India’s shareholding was 45.48%.
Q2 FY2026-27 delivered a marked sequential recovery in operating profit as income growth outpaced the increase in expenditure. The reversal from a large provision write-back to a small charge limited profit growth, while EPS and return on assets remained below the year-ago quarter. Lower gross NPAs and a higher CET1 ratio were positive developments, offset in part by a modest rise in the net NPA ratio.
Exchange disclosures and regulatory announcements for IDBI Bank.
IDBI Bank Limited received a notice of a proposed strike on November 2 and 3, 2026, jointly from the All India IDBI Officers' Association (AIIDBIOA) and the All India Industrial Development Bank Employees' Association (AIIDBEA), in support of their demands. The Bank notified the exchanges under Regulations 30 and 51 of the SEBI (LODR) Regulations, 2015.
IDBI Bank Limited published a shareholder notice on October 29, 2026, announcing a special window from February 5, 2026 to February 4, 2027 for transfer and dematerialisation of physical securities bought or sold before April 1, 2019, and for certain previously submitted requests that were rejected, returned, or unattended due to deficient documents or process. Eligible securities lodged during the window will be handled through transfer-cum-demat and issued only in dematerialised form, subject to a one-year lock-in. The notice excludes cases involving disputes between transferor and transferee and securities already transferred to IEPF. This is a routine shareholder and regulatory notice, not a report of a new business outcome.
CRISIL Ratings placed IDBI Bank Limited’s long-term debt instruments on ‘Rating Watch with Positive Implications’ and reaffirmed its ‘Crisil A1+’ rating on the certificate of deposit programme, according to its October 23, 2026 report. CRISIL also withdrew ratings on Rs 5 crore of Omni Bonds following redemption. The positive watch follows the October 14, 2026 announcement that the Cabinet Committee on Economic Affairs approved Fairfax Financial Holdings Limited as strategic buyer for a proposed 60.72% stake in IDBI Bank; the transaction remains subject to requisite approvals. This is a substantive credit-rating update, not merely a routine regulatory notice.
On October 26, 2026, ICRA Ratings placed IDBI Bank Limited's long-term rating on Watch with Developing Implications following the Government of India's approval for Fairfax Financial Holdings Ltd. to acquire a 60.72% controlling stake in the bank. The acquisition involves purchasing 30.48% from the GoI and 30.24% from LIC for an aggregate consideration of Rs. 52,878 crore (Rs. 81 per share). ICRA confirmed that the rating assigned to the Bank's Certificate of Deposit Programme remains unchanged at [ICRA]A 1+.
On October 26, 2026, IDBI Bank Limited disclosed to the NSE that ICRA Ratings placed its long-term credit rating on Watch with Developing Implications. This action follows the Ministry of Finance's announcement on October 14, 2026, approving the acquisition of a 60.72% equity stake in IDBI by M/S 10955230 Canada Inc., a wholly-owned subsidiary of Fairfax Financial Holdings Ltd. The transaction involves purchasing 30.48% from the Government of India and 30.24% from Life Insurance Corporation of India for an aggregate consideration of Rs. 52,878 crore (Rs. 81 per share). Upon completion, subject to regulatory approvals, Fairfax will become the promoter with management control, while GoI and LIC will retain residual stakes of 15.0% and 19.0%, respectively. ICRA’s Certificate of Deposit Programme rating remains unchanged at [ICRA]A 1+.
CRISIL placed IDBI Bank Limited’s long-term debt instruments on “Crisil AA/Watch Positive (Rating Watch with Positive Implications)” and reaffirmed the “Crisil A1+” rating on its certificate of deposit programme, in a report dated October 23, 2026. CRISIL also withdrew ratings on Rs 5 crore of Omni Bonds following redemption. The long-term rating watch follows CCEA approval of Fairfax Financial Holdings Limited as strategic buyer for a proposed 60.72% stake acquisition; completion remains subject to requisite approvals.
IDBI Bank Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
IDBI Bank Limited’s Board of Directors approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, at a meeting held on October 17, 2026. The bank reported a standalone net profit of Rs. 2,804.68 crore (half year) and consolidated net profit of Rs. 5,743.76 crore (half year). Key operational metrics include a Gross NPA ratio of 2.65% and a CET1 Ratio of 27.10%. During the quarter, the bank transferred stressed loans with an aggregate principal outstanding of Rs. 802.92 crore to ARCs, reversing provisions of Rs. 27.24 crore. Additionally, the Investment Fluctuation Reserve (IFR) balance of Rs. 1,277.83 crore was transferred to General Reserve following the discontinuation of IFR maintenance under new RBI directions.
Recent market and company developments associated with IDBI Bank.
LIC reported strong Q2 and H1 FY27 performance with healthy growth in premiums and improved VNB margins, despite a decline in ULIP sales driven by equity market volatility and strategic shifts toward higher-ticket products. CEO R Doraiswamy stated that the proposed disinvestment of IDBI Bank is unlikely to significantly impact LIC's bancassurance business, as the partnership is expected to continue. The company remains focused on expanding protection, health, and annuity products while investing in cybersecurity and agent productivity to support its long-term growth strategy.
Prem Watsa, the Hyderabad-born investor known as 'Canada's Warren Buffett', has been selected as the strategic buyer for a 60.72% stake in IDBI Bank in a deal valued at ₹52,878 crore. The transaction involves the sale of shares held by the Government of India and the Life Insurance Corporation of India, though it remains subject to regulatory approvals. This development marks a significant return for Watsa, whose firm Fairfax Financial Holdings has maintained long-term investments in Indian sectors including banking and infrastructure.
DIPAM Secretary Arunish Chawla stated that the chance of finding another buyer for IDBI Bank at ₹52,000 crore is 'very, very remote,' as the government chose to accept revised bids from existing bidders rather than canceling the process or seeking new participants. The Core Group of Secretaries on Disinvestment approved the improved offer, which exceeded fair-value assessments and was bolstered by a ₹627-crore tax indemnity, despite the reserve price remaining unchanged. This strategic disinvestment of a 60.72% stake to Fairfax Financial Holdings is targeted for completion by the end of the fi
DIPAM Secretary Arunish Chawla defended the government's acceptance of a revised offer for IDBI Bank, stating that finding another buyer willing to pay ₹52,000 crore is 'very remote' and that the reserve price remained unchanged. He justified the decision by noting the bid exceeded fair-value estimates and was enhanced by a tax indemnity measure, while clarifying that strategic disinvestments do not strictly follow conventional reserve-price auction models. The transaction remains pending approval from the Reserve Bank of India, which will assess the bidder's source of funds and fit-and-proper
DIPAM Secretary Arunish Chawla defended the government's decision to pursue improved offers rather than restarting the IDBI Bank strategic sale, arguing that finding another buyer for the Rs 52,878-crore deal would have been futile. The Cabinet Group of Secretaries on Disinvestment selected this path after tax liability adjustments helped increase the bid-discovered price by Rs 3,917 crore, resulting in a winning bid of Rs 81 per share. The transaction now awaits final regulatory clearance from the RBI, with the government and LIC retaining a combined residual stake of approximately one-third
Life Insurance Corp. of India (LIC) has requested the Insurance Regulatory and Development Authority of India (Irdai) to align proposed caps on distribution costs with global standards and provide a more gradual compliance timeline, citing current needs for insurance awareness and technology spending. Concurrently, LIC reported a 20.1% year-on-year rise in net profit to ₹12,076 crore for Q2 FY27, driven by growth in net premium income and improved value of new business margins. The insurer also stated that the proposed stake sale in IDBI Bank is not expected to significantly impact its bancass
Life Insurance Corporation of India reported a 20% year-on-year increase in its Q2FY27 standalone net profit to ₹12,076 crore, driven by healthy growth in net premium income and tight expense management. The insurer's CEO highlighted that these results reflect successful product and channel diversification strategies, while also expressing optimism about the positive impact of upcoming IRDAI commission regulations on industry growth.
IDBI Bank, which needed rescuing a few years ago and is now profitable, is being sold in a deal valued at Rs 52,878 crore. The sale has sparked debate over the bank’s worth: the government initially sought at least Rs 94 per share, while Canadian investor Fairfax offered Rs 81.
Comprehensive Section Breakdown for IDBI Bank
Strategic Vision: Commercial bank offering diverse financial services across segments.
• Operates as a commercial bank with a diverse range of services.
• Serves multiple customer segments including personal, corporate, MSME, and agriculture.
• Transitioned from a development finance institution to a commercial bank.
Consolidated operating profit before provisions and contingencies increased 33.3% quarter on quarter to ₹2,925 crore, as income rose faster than expenditure excluding provisions. Profit for the period grew 4.5% to ₹2,226 crore, with a ₹10 crore provision charge replacing the previous quarter’s ₹636 crore write-back. Profit after minority interest and share of associates was ₹2,214 crore, while EPS of ₹2.06 remained below the year-ago ₹3.00.
Total income rose 15.1% from ₹8,633 crore in Q1 FY2026-27 to ₹9,936 crore in Q2. Interest earned increased 12.8% to ₹8,519 crore, and other income rose 30.7% to ₹1,417 crore. Interest expended grew 5.6% to ₹4,282 crore. Interest on advances was ₹5,993 crore in Q2.
Operating profit before provisions and contingencies reached ₹2,925 crore, compared with ₹2,193 crore in Q1 FY2026-27. It was 7.1% lower than the ₹3,147 crore reported in Q2 FY2025-26.
Provisions other than tax and contingencies were a charge of ₹10 crore in Q2, compared with a ₹636 crore write-back in Q1 FY2026-27. Profit before tax consequently rose 3.0% sequentially to ₹2,914 crore, less than the increase in operating profit. Tax expense edged down to ₹688 crore from ₹699 crore, and profit for the period increased 4.5% to ₹2,226 crore.
Profit after minority interest and share of associates was ₹2,214 crore, up 4.1% from ₹2,127 crore in Q1. Basic and diluted EPS were ₹2.06, against ₹1.98 in Q1 and ₹3.00 in Q2 FY2025-26.
Category: Financial Services
Provides personal banking solutions including savings accounts, home loans, gold loans, and specialized accounts for senior citizens.
Category: Financial Services
Offers financial assistance to corporate clients, including term loans, working capital finance, bank guarantees, remittances, debt syndication, and advisory services.
Category: Financial Services
Focuses on providing tailored financial solutions and loan products to Micro, Small, and Medium Enterprises.
Category: Financial Services
Offers products for the agricultural sector, including crop loans with Kissan Credit Cards, Agri Gold Loans, Warehouse Receipt Finance, Microfinance Loans, and Farm Mechanization Loans.
Core Thesis: The bank structures its operations to cater to distinct customer groups with specialized products and services.
• Personal Banking Solutions: Offers everyday banking and financing needs for individual customers through savings accounts, home loans, and senior citizen accounts. • Corporate Financial Assistance: Provides a range of financial services to corporate clients, including loans, working capital, and advisory services. • MSME Support: Delivers tailored loan products to meet the funding requirements of Micro, Small, and Medium Enterprises. • Agricultural Sector Financing: Supports farmers and agri-businesses with specialized loans and credit facilities.