IDBI Bank is a banking company. Its segments include the corporate/ wholesale banking segment, which includes corporate relationships covering deposit and credit activities other than retail and also covers corporate advisory/syndication and project appraisal.
The bank’s standalone net profit jumped 40.44% to Rs 1,719.27 crore in Q1 FY25 as compared to Rs 1,224.18 crore recorded in Q1 FY24.Total income grew by 3.12% year on year to Rs 7,471.25 crore in the quarter ended 30 June 2024.
Shares of IDBI Bank fell 2.27% to settle at Rs 76.08 on 20 December 2024.