HDFC Bank Limited
NSE: HDFCBANK
Financial Services · Banks - Regional
₹692.80 last close on 23 Oct 2026 −0.18%
Research updated
IDBI Bank Ltd.
NSE: IDBIFinancial ServicesBanks - Regional
- Last close
- ₹76.44
- Day change
- −₹3.36 (−4.21%)vs
- Market cap
- ₹82,191 crIndian rupees
- Research updated
- 4 reports
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About IDBI Bank
IDBI Bank Ltd. is a prominent banking institution in India, primarily engaged in offering a broad spectrum of banking and financial services. Serving both retail and corporate sectors, the bank provides essential functions such as deposits, loans, asset management, and advisory services. As a full-service bank, it plays a critical role in facilitating economic growth by extending financial assistance to various industries, including infrastructure, agriculture, and small to medium enterprises. Additionally, IDBI Bank is known for its robust suite of digital banking products, ensuring convenient and secure transactions for its customers. Originating as a development financial institution, IDBI Bank has evolved to become a significant entity in the Indian banking landscape, contributing to both public sector finance and private sector growth. Its strategic emphasis on financial inclusion and digital transformation underscores its role in enhancing access to financial services across diverse demographics. Headquartered in Mumbai, the bank's infrastructure and initiatives align with national economic objectives, reinforcing its market presence and impact.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Listing
- NSE: IDBI
- Chief executive
- Mr. Rakesh Kumar Sharma
- Employees
- 19,108
- Headquarters
- Mumbai, India
- ISIN
- INE008A01015
- Website
- idbi.bank.in
Public research · Report of
Business model & financial foundation
IDBI Bank (NSE: IDBI), Banking: revenue of ₹29,020 crore in FY26 (+0.4% on FY25) and net profit of ₹9,210 crore.
- Revenue, FY26 (₹ crore)
- 29,020
- consolidated
- Revenue growth, FY26
- +0.4%
- on FY25
- Net profit, FY26 (₹ crore)
- 9,210
- to owners
- Return on equity, FY26
- 14.1%
- on average equity
- Market capitalisation (₹ crore)
- 90,449
- at the close of 24 Oct 2026
Company profile
IDBI Bank is a deposit-funded universal bank serving retail and corporate customers, with treasury and fee-income activities and financial-services subsidiaries. Lending and investments produce net interest income; commissions, treasury gains and legacy recoveries contribute non-interest income. LIC and the Government of India dominate ownership; strategic disinvestment remains unconfirmed as of 13 October 2026.
| Item | Value |
|---|---|
| Legal name | IDBI Bank Limited |
| Exchange and ticker | NSE: IDBI; BSE: 500116 |
| ISIN | INE008A01015 |
| CIN | L65190MH2004GOI148838 |
| Sector | Financial Services |
| Industry | Banking |
| Headquarters | Mumbai, India |
| Fiscal year end | March |
| Reporting basis and unit | consolidated, in ₹ crore |
| Auditor | Chokshi & Chokshi LLP; Suri & Co. |
| Market capitalisation | ₹90,449 crore (24 Oct 2026) |
| Shares outstanding | 1,075 crore shares (FY26) |
| Price | ₹76.44 (close, 24 Oct 2026) |
| 52-week range | ₹61.01 - ₹118.4 (to 24 Oct 2026) |
| Website | https://www.idbi.bank.in |
Corporate structure and shareholding
Parent: Life Insurance Corporation of India.
| Entity | Holding | Business |
|---|---|---|
| IDBI Capital Markets & Securities Limited | 100% | Capital markets and broking |
| IDBI Intech Limited | 100% | Technology services |
| IDBI MF Trustee Company Limited | 100% | Mutual fund trusteeship |
| IDBI Asset Management Limited | 66.67% | Asset management |
| IDBI Trusteeship Services Limited | 54.7% | Trusteeship services |
| IDBI Foundation | 100% | CSR Section 8 company incorporated 19 May 2026; funded 8 July 2026 |
LIC 49.24% and GOI 45.48% at 30 June 2026; combined promoter holding as reported 94.71%. Associates include NEDFCL 25% and Biotech Consortium 27.93%; NSDL ceased as associate after stake sale.
| Shareholding (% of shares) | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 |
|---|---|---|---|---|
| Promoter | 94.71% | 94.71% | 94.71% | 94.71% |
| Promoter holding pledged | 0.00% | 0.00% | 0.00% | 0.00% |
| Foreign institutions | 0.51% | 0.56% | 0.45% | 0.47% |
| Domestic institutions | 0.12% | 0.09% | 0.11% | 0.20% |
| of which mutual funds | 0.06% | 0.05% | 0.07% | 0.13% |
| Retail | 3.85% | 3.82% | 3.81% | 2.11% |
| Other | 0.81% | 0.81% | 0.91% | 2.51% |
The promoter holding pledged is a share of the promoter's own holding.
Business model
IDBI Bank is a deposit-funded lender. Its economic drivers are the loan book, funding mix and spread, non-interest income, operating expense and provisions. The model uses consolidated profit and owners’ equity, while bank-level advances and capital ratios are labelled as such. Q2 FY27 consolidated NII was INR4237.77 crore, PPOP INR2924.63 crore and PAT to owners INR2214.45 crore.
| Segment | revenue, FY26 (₹ crore) | Share | result, FY26 (₹ crore) | Share | assets, FY26 (₹ crore) | Share |
|---|---|---|---|---|---|---|
| Corporate and wholesale banking | 8,709 | 24.4% | 3,358 | 28.8% | 78,126 | 16.7% |
| Retail banking including digital banking | 35,031 | 98.3% | 3,265 | 28.0% | 1,90,185 | 40.7% |
| Treasury | 15,701 | 44.1% | 4,488 | 38.5% | 1,94,104 | 41.5% |
| Other banking operations | 576.7 | 1.6% | 216.2 | 1.9% | 808.1 | 0.2% |
| Unallocated | 329.3 | 0.9% | 329.0 | 2.8% | 4,164 | 0.9% |
| Intersegment revenue eliminations negative | -24,716 | -69.4% |
Segments as the company reports them (consolidated); each share is of the segments' sum.
| Peer | Why the dossier compares them |
|---|---|
| Indian Bank (INDIANB) | State-influenced diversified bank and asset-quality turnaround comparator |
| Canara Bank (CANBK) | Universal bank with government control and comparable credit-cycle exposure |
| Bank of Maharashtra (MAHABANK) | High-CASA government bank; funding and profitability comparator |
| Union Bank of India (UNIONBANK) | Government-controlled bank with legacy corporate credit exposure |
| Federal Bank (FEDERALBNK) |
Financial databook
| Profit and loss (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Interest earned | 26,446 | 28,917 | 29,020 | ||
| Other operating costs (vendor classification) * | 1,746 | 1,887 | 2,196 | 2,538 | 2,948 |
| Profit before tax before associates | 8,367 | 10,670 | 11,658 | ||
| PAT before associates and minority interest | 2,557 | 3,728 | 5,763 | 7,589 | 9,211 |
| Diluted EPS not annualised (₹) | 2.36 | 3.45 | 5.38 | 7.10 | 8.57 |
| Tax expense | 1,203 | 1,618 | 2,604 | 3,081 | 2,447 |
| Interest expended | 12,226 | 14,257 | 15,474 | ||
| Other income | 3,925 | 5,142 | 6,612 | ||
| Employees cost | 4,438 | 4,258 | 4,564 | ||
| Other operating expenses | 3,932 | 4,361 | 5,011 | ||
| Operating expenses | 8,370 | 8,619 | 9,575 | ||
| Operating profit before provisions and contingencies | 9,774 | 11,183 | 10,582 | ||
| Provisions other than tax and contingencies net | 1,406 | 512.7 | -1,076 | ||
| Share of profit in associates | 50.7 | 67.3 | 25.2 | ||
| Minority interest share of profit | 26.0 | 25.6 | 26.7 | ||
| Net profit attributable to owners | 5,788 | 7,631 | 9,210 | ||
| Total income interest earned plus other income | 30,370 | 34,059 | 35,631 | ||
| Net interest income | 14,219 | 14,661 | 13,545 | ||
| Interest earned | 26,446 | 28,917 | 29,020 | ||
| Interest expended | 12,226 | 14,257 | 15,474 | ||
| Basic EPS (₹) | 5.38 | 7.10 | 8.57 |
| Balance sheet (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Total equity including minority interest | 42,700 | 46,458 | 51,226 | 61,785 | 68,742 |
| Borrowings excluding deposits | 17,083 | 19,932 | 28,104 | ||
| Cash and cash equivalents cash-flow definition | 26,009 | 44,477 | 56,915 | ||
| Trade payables * | 397.8 | 506.7 | 747.4 | 374.9 | 361.8 |
| Fixed assets | 9,542 | 12,200 | 9,775 | ||
| Capital work in progress * | 400.4 | 477.4 | 107.6 | 80.3 | 90.5 |
| Total assets | 3,64,659 | 4,13,008 | 4,67,386 | ||
| Net advances | 1,88,576 | 2,18,399 | 2,53,624 | ||
| Deposits | 2,77,366 | 3,09,893 | 3,46,776 | ||
| Cash and balances with Reserve Bank of India | 13,991 | 21,294 | 33,230 | ||
| Balances banks money at call and short notice | 12,018 | 23,182 | 23,684 | ||
| Paid-up equity share capital | 10,752 | 10,752 | 10,752 | ||
| Reserves and surplus including revaluation reserves | 40,321 | 50,868 | 57,812 | ||
| Minority interest in consolidated net assets | 152.9 | 164.8 | 177.8 | ||
| Equity attributable to owners | 51,073 | 61,620 | 68,564 | ||
| Investments | 1,15,719 | 1,18,453 | 1,28,440 |
| Cash flow (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Net cash from operating activities after direct taxes | -1,253 | 25,796 | 16,762 | ||
| Free cash flow (vendor definition) * | 4,873 | -2,996 | -1,448 | 25,446 | 16,434 |
| Dividends paid to parent shareholders outflow negative | -8.20 | -11.6 | -1,075 | -1,612 | -2,257 |
| Purchase of fixed assets cash outflow negative | -194.7 | -294.5 | -312.0 | -349.7 | -327.4 |
| Dividends paid to minority shareholders outflow negative | -11.6 | -13.7 | -13.7 |
| Other reported lines (₹ crore) | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shares outstanding derived from rounded paid-up capital | 1,075 | 1,075 | 1,075 | 1,075 | 1,075 |
| Diluted weighted average shares | n.r. | n.r. | n.r. | ||
| Written guidance strict success share of assessed renewals (%) | 67.5% | ||||
| Three-year cumulative CFO / owners PAT (x) | 1.83x | ||||
| Property reserve write-down / closing owners equity (%) | 3.1% | ||||
| Known LIC gross operating flows / total income (%) | 6.7% | ||||
| Gross NPAs (the bank's standalone figure) | 8,917 | 6,695 | 6,028 | ||
| Net NPAs (the bank's standalone figure) | 643.8 | 337.3 | 379.9 | ||
| Gross NPA ratio, % (the bank's standalone figure) | 4.5% | 3.0% | 2.3% | ||
| Net NPA ratio, % (the bank's standalone figure) | 0.2% | 0.2% | |||
| CET1 ratio, % (the bank's standalone figure) | 20.1% | 23.5% | 25.6% | ||
| Additional tier 1 ratio, % (the bank's standalone figure) | 0.0% | 0.0% | 0.0% |
| Quarterly profit and loss (₹ crore) | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 |
|---|---|---|---|---|---|---|---|---|
| Interest earned | 7,819 | 6,983 | 7,027 | 7,109 | 7,080 | 7,804 | 7,549 | 8,519 |
| Other operating costs (vendor classification) * | 1,300 | -2,683 | 1,338 | 1,365 | -1,052 | 1,102 | ||
| Profit before tax | 2,664 | 2,991 | 2,557 | 3,797 | 2,489 | 2,816 | 2,829 | 2,914 |
| Tax expense | 734.4 | 919.5 | 532.7 | 555.8 | 529.7 | 828.4 | 698.7 | 688.2 |
| Profit after tax | 1,929 | 2,072 | 2,024 | 3,241 | 1,959 | 1,987 | 2,131 | 2,226 |
| Diluted EPS (₹) | 1.81 | 1.94 | 1.88 | 3.00 | 1.82 | 1.87 | 1.98 | 2.06 |
| Interest expense | 3,583 | 3,683 | 3,851 | 3,816 | 3,862 | 3,944 | 4,053 | n.r. |
| Other income | 809.7 | 2,107 | 1,472 | 2,155 | 1,271 | 1,714 | 1,084 | 1,417 |
| Employee cost | 1,087 | 1,032 | 1,138 | 1,049 | 1,239 | 1,139 | 1,171 | 1,349 |
| Other operating expenses | 1,130 | 1,148 | 1,132 | 1,252 | 1,300 | 1,328 | 1,216 | 1,381 |
| Operating expenses | 2,216 | 2,180 | 2,270 | 2,300 | 2,539 | 2,466 | 2,387 | 2,730 |
| Pre-provision operating profit | 2,830 | 3,227 | 2,378 | 3,147 | 1,950 | 3,107 | 2,193 | 2,925 |
| Provisions and contingencies excluding tax | 166.2 | 235.5 | -178.9 | -649.6 | -538.9 | 291.0 | -636.0 | 10.2 |
| Share of profit in associates | 24.5 | 22.3 | 0.00 | 0.00 | 0.04 | 25.1 | 0.00 | 0.00 |
| Minority interest share of profit | 5.55 | 6.79 | 4.69 | 11.2 | 5.32 | 5.44 | 3.43 | 11.8 |
| Net profit attributable to owners | 1,948 | 2,087 | 2,019 | 3,230 | 1,954 | 2,007 | 2,127 | 2,214 |
| Total income interest earned plus other income | 8,629 | 9,090 | 8,499 | 9,264 | 8,352 | 9,518 | 8,633 | |
| Net interest income | 4,236 | 3,300 | 3,175 | 3,293 | 3,218 | 3,859 | 3,497 | 4,238 |
| Interest income | n.r. | |||||||
| Interest earned | 7,819 | 6,983 | 7,027 | 7,109 | 7,080 | 7,804 | 7,549 | 8,519 |
| Interest expended | 3,583 | 3,683 | 3,851 | 3,816 | 3,862 | 3,944 | 4,053 | 4,282 |
| Basic EPS (₹) | 1.81 | 1.94 | 1.88 | 3.00 | 1.82 | 1.87 | 1.98 | 2.06 |
Consolidated, as reported. Lines marked * are the market-data provider's figures; the rest are extracted from the company's filings or derived from them. n.d. not disclosed, n.r. not retrieved, n.a. not applicable.
Metrics dashboard
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue growth | 9.3% | 0.4% | |||
| Net margin | 21.9% | 26.4% | 31.7% | ||
| Return on equity | 11.9% | 13.5% | 14.1% | ||
| Return on assets | 1.6% | 2.0% | 2.1% | ||
| Dividend payout | 18.6% | 21.1% | 24.5% | ||
| EPS, diluted (₹) | 2.36 | 3.45 | 5.38 | 7.10 | 8.57 |
| Book value per share (₹) | 39.71 | 43.21 | 47.64 | 57.46 | 63.93 |
Computed from the statements above:
- Revenue growth: revenue over the previous year's, less one.
- Net margin: net profit to owners / revenue.
- Return on equity: net profit to owners / average equity.
- Return on assets: net profit to owners / average total assets.
- Dividend payout: dividends paid / net profit to owners.
- EPS, diluted (₹): as reported (Diluted EPS not annualised).
- Book value per share (₹): equity / shares outstanding.
Source: the company's filings and disclosures as extracted into Mool's company dossier (version 4, information to 24 Oct 2026); market data at the close of 24 Oct 2026. Every figure is read from the dossier's files or computed from them; the account of the business model is the analyst's, from the dossier's workings.
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What the full research on IDBI Bank includes
Every piece of Mool’s research is built the same way: a researched evidence base, analyses that build on each other, a research model and a report with the call. This page shows the first analysis.
The report and Mool’s call
- The 12-month rating and target
- The 3-month view
- Mool's estimates beside the street's
- The claims the view rests on, and what would change it
The analyses, among them
- Business model & financial foundationOn this pageWhat the company does and how it makes money, its structure, five years of financials and the metrics that matter for it.
- Future earnings & financial modelForecasts built from the drivers that move the business, by scenario, beside the street's.
- Fundamental valuation & 12-month thesisWhat the business is worth on several methods, what the market already prices in and the 12-month thesis that follows.
The research model
The model behind the report: the company’s history, the drivers that move it, its forecasts by scenario and the valuation the 12-month target comes from.
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Report history
Reports on IDBI Bank
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Prices are the last close on the NSE, 23 Oct 2026. Research from Mool’s report of 24 Oct 2026; page updated 24 Oct 2026.
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