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Adjusted for this gain last year, profit would have led to a 14% jump, earnings published by the bank sold last week to Canada’s Fairfax showed. The absence of this gain hit non-interest income for the bank this quarter which fell 46% to 1,353 crore in September 2026 from 2,489 crore a year earlier. Operating profit of the bank was also hit due to the absence of this one off gain falling 18% year on year to 2,893 crore. The results were announced just a couple of days after the government approved selling a majority 60.72% stake in IDBI Bank to Canada’s Fairfax group for 52,878 crore. Results released on Saturday showed operating parameters of IDBI remained stable with net interest income or the difference between interest earned and interest expenses increased 29% YoY to 4,228 crore in the quarter ended September 2026. Net interest margin, a key profitability parameter for a bank, improved to 4.11% in September 2026 from 3.71% a year ago. Operating expenses of the bank however increased 19% to 2,688 crore from 2,252 crore a year ago. Net advances increased 18% YoY to 2.71 lakh crores in September 2026. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-19 03:01