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The Economic Times
The Economic Times
Business
Veer Sharma

IDBI Bank shares in focus as Q2 net profit falls 39%; NII tanks nearly 50% YoY

IDBI Bank Fairfax LIC

Shares of IDBI Bank will be in focus on Monday after the state-owned lender reported a 39% year-on-year (YoY) decline in net profit to Rs 2,205 crore for the second quarter of FY27, compared with Rs 3,627 crore in the year-ago period.

The bank said that Q2FY26 profit included a one-off gain of Rs 1,699 crore from the sale of its strategic investment in NSDL, according to a filing with the exchange. Excluding this gain, net profit and operating profit for Q2FY27 increased 14% and 59% YoY, respectively.

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