IDBI Bank (IDBI) — concall transcript

📢 Key Event
IDBI Bank reported record Q2 FY2023 net profit of ₹828 crores (46% YoY growth) driven by improved NIM and asset quality, with capital adequacy at 92.48%.

🔄 What Changed
Net profit surged 46% YoY to ₹828 crores; NIM growth accelerated to 35% QoQ; provisioning increased 85% QoY reflecting higher credit costs.

🔮 What's Next
Target net NPA below 1.25%; sustain NIM above 4.2%; deposit growth to continue with bulk deposits targeting 5.5%-10% rates; corporate loan growth expected at 10-15% post-PCS resolution.

💡 Investor Takeaway
Strong profit growth and improving asset quality signal operational resilience, but rising provisions and reliance on bulk deposits warrant monitoring of future margin pressure.

IDBI Bank reported record Q2 FY2023 net profit of ₹828 crores (46% YoY growth) driven by improved NIM and asset quality, with capital adequacy at 92.48%. Management highlighted robust credit demand across retail and corporate sectors, targeting net NPA below 1.25% and NIM above 4.2% sustainably.

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About IDBI Bank Ltd (IDBI)

Financial Services · Banks · Listed on BSE

Market Cap: ₹98,255.45 Cr P/E: 10.5 ROE: 13.6% ROCE: 28.6%

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🔥 Also filed on 30 September 2022

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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