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

What happened: IDBI Bank reported a 39% YoY fall in Q2 FY27 net profit, partly due to a one-off gain in the prior year. Fairfax Financial proposed acquiring a 60.72% stake in the bank. Key numbers: Net profit down 39% YoY; NII down nearly 50% YoY; Fairfax stake at 60.72%. Why it matters: The bank said underlying profitability, margins, asset quality, deposits and advances improved. The Fairfax stake proposal is described as a major milestone in the bank's privatisation.

IDBI Bank reported a 39% YoY fall in Q2 FY27 net profit, partly due to a one-off gain in the prior year. Fairfax Financial proposed acquiring a 60.72% stake in the bank.

The bank said underlying profitability, margins, asset quality, deposits and advances improved. The Fairfax stake proposal is described as a major milestone in the bank's privatisation.