IDBI Bank shares gained nearly 3% following the lender's clarification on a revised offer from Fairfax Financial Holdings for the government's stake in the bank. As per NDTV Profit, the scrip advanced as much as 2.8% to ₹88.99 apiece during Wednesday morning trading, with the stock trading 1.87% higher by 9:45 am. The benchmark Nifty 50 index was up 0.6% during the same period, indicating positive market sentiment toward the clarification.
IDBI Bank has officially denied confirming or denying media reports regarding a revised offer from Fairfax Financial Holdings for the government's stake in the lender. In an exchange filing on Tuesday, the bank stated it is "not in a position to either confirm or deny" media reports claiming the government is close to accepting a revised offer from Canada's Fairfax Financial for its stake in the lender. The bank emphasized that "The proposed Strategic Disinvestment of IDBI Bank Limited is a confidential process being undertaken by the Government of India (GOI) and, hence, IDBI Bank is not in a position to either confirm or deny the referenced news report." The bank has not received any communication from the Government of India regarding the finalisation of any transaction under the ongoing strategic disinvestment process.
IDBI Bank has officially announced its earnings schedule for the quarter ended June 30, 2026 (Q1 FY27). According to the bank's filing to stock exchanges on Monday, a meeting of the Board of Directors will be held on Saturday, July 18, 2026, to consider and approve the un-audited Financial Results of the state-run lender. The results are generally declared in the afternoon, as reported by Moneycontrol.
IDBI Bank reported a 5% decline in net profit to ₹1,943 crore for the March quarter of FY 2025-26 (Q4 FY26). The LIC-controlled bank had posted a net profit of ₹2,051 crore in the year-ago period. As reported by Moneycontrol, the net profit was impacted by a fall in operating profit to ₹3,043 crore from ₹3,195 crore a year ago. However, the bank showed positive momentum in revenue generation with total income rising to ₹9,409 crore in the period under review from ₹9,035 crore in January-March of the preceding fiscal.
The bank demonstrated strong performance in key revenue metrics during Q4 FY26. According to the earnings report, interest income increased to ₹7,798 crore during the period under review from ₹6,979 crore in the corresponding quarter a year ago. Additionally, net interest income (NII) in the quarter improved to ₹3,851 crore compared to ₹3,290 crore in Q4 FY25, as reported by Moneycontrol.
IDBI Bank has reiterated that the strategic sale process has been progressing through various regulatory milestones over the past few years. These include the Cabinet Committee on Economic Affairs' in-principle approval in May 2021, the appointment of transaction and legal advisers in October 2022, the release and subsequent amendments to the Preliminary Information Memorandum, and SEBI approvals for the reclassification of the Government of India and LIC as public shareholders upon completion of the sale. The bank further clarified that the news report relates to the government's strategic disinvestment process and does not involve any regulatory or legal proceedings. The proposed strategic disinvestment is being undertaken by the Government of India through a competitive bidding process, with the bank having no role in any negotiations.
