IDBI Bank Q2 Operating Profit Up 45%, CASA Grows 4%

Highlights for Q2 FY 2025

• Net Profit surges to ₹1,836 crore, registering a growth of 39% YoY and 7% QoQ

• Net Interest Income at ₹3,875 crore, YoY growth of 26%

• Net Interest Margin is at 4.87%, YoY growth of 54 bps

• Gross NPA down to 3.68%, YoY reduction by 122 bps

• Net NPA down to 0.20%, YoY reduction by 19 bps

• Provision Coverage Ratio (PCR) at 99.42%, YoY growth of 32 bps

• Cost to Income ratio stood at 42.05%, down from 47.63%

• CRAR stood at 21.98%, improved by 72 bps YoY

• CASA stood at Rs.1,33,639 Cr, YoY growth of 4%

• Total Deposits stood at Rs.2,77,602 Cr, YoY growth of 11%

• Net Advances stood at Rs.2,00,944 Cr, YoY growth of 19%

Operating Performance for Q2 of FY 2025

• Net Profit improved by 39% in Q2-2025 to ₹1,836 crore as against net profit of ₹1,323 crore in Q2-2024. 

• Operating profit improved by 45% in Q2-2025 to ₹3,006 as against ₹2,072 crore in Q2-2024.  

• Net Interest Income improved by 26% in Q2-2025 to ₹3,875 crore as against ₹3,066 crore in Q2-2024. 

• Net Interest Margin (NIM) improved by 54 bps in Q2-2025 to 4.87% as compared to 4.33% in Q2-2024. 

• Cost to Income ratio down by 558 bps in Q2-2025 to 42.05% as against 47.63% in Q2-2024.

• Cost of Deposit stood at 4.66% in Q2-2025 as compared to 4.22% in Q2-2024. 

• Cost of Funds stood at 4.87% in Q2-2025 as compared to 4.49% in Q2-2024. 

Business Growth

• Total Deposit increased to ₹2,77,602 crore as on September 30, 2024 as against ₹2,49,434 crore as on September 30, 2023 registering a growth of 11%  

• CASA increased to ₹1,33,639 crore from ₹1,28,464 crore on YoY basis, reporting a growth of 4.03%. CASA ratio stood at 48.14%. 

• Net advances grew by 19% YoY to ₹2,00,944 crore as on September 30, 2024 as against ₹1,68,502 cr as on September 30, 2023. 

• The composition of corporate v/s retail in gross advances portfolio was at 29:71 as on September 30, 2024 as against 30:70 as on September 30, 2023. 

Asset Quality

• Gross NPA ratio improved to 3.68% as on September 30, 2024 as against 4.90% as on September 30, 2023. 

• Net NPA ratio improved to 0.20% as on September 30, 2024 as against 0.39% as on September 30, 2023. 

• Provision Coverage Ratio (including Technical Write-Offs) improved to 99.42% as on September 30, 2024 from 99.10% as on September 30, 2023. 

Capital Position

• Tier 1 capital improved to 19.89% as on September 30, 2024 as against 18.86% as on September 30, 2023. 

• CRAR improved to 21.98% as on September 30, 2024 as against 21.26% as on September 30, 2023. 

• Risk Weighted Assets (RWA) stood at ₹1,84,335 crore as on September 30, 2024 as against ₹1,61,618 crore as on September 30, 2023. 

Significant Developments 

• Bank’s Long Term Credit Rating has been upgraded to ‘AA/Stable’ from ‘AA-/Stable’ and Short Term Credit Rating re-affirmed at ‘A1+’ by all the four rating Agencies viz., ICRA, CRISIL, CARE and India Rating.

The Board of Directors of IDBI Bank Ltd. met in Mumbai today and approved the financial results for the Quarter and Half Year Ended September 30, 2024.

IDBI Bank Ltd

Key Summary for Q2 of FY 2025 Results

1- Annualized 

Previous periods figures have been regrouped/ restated (wherever necessary)