IDBI Bank has promoted Sanjay Panicker as Executive Director (Senior Management Position) of the Bank w.e.f. 06 May 2024. He shall superannuate on 31 December 2031Powered by Capital Market - Live News

Net profit of IDBI Bank rose 36.83% to Rs 1664.92 crore in the quarter ended March 2024 as against Rs 1216.81 crore during the previous quarter ended March 2023. Total Operating Income rose 22.08% to Rs 6994.70 crore in the quarter ended March 2024 as against Rs 5729.46 crore during the previous quarter ended March 2023.For the full year,net profit rose 56.18% to Rs 5788.11 crore in the year ended March 2024 as against Rs 3706.06 crore during the previous year ended March 2023. Total Operating Income rose 28.43% to Rs 26445.66 crore in the year ended March 2024 as against Rs 20591.53 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Total Operating Income6994.705729.46 22 26445.6620591.53 28 OPM %63.3344.73 -63.0347.89 - PBDT2092.941521.48 38 8367.465305.30 58 PBT2092.941521.48 38 8367.465305.30 58 NP1664.921216.81 37 5788.113706.06 56 Powered by Capital Market - Live News

IDBI Bank announced that the Board of Directors of the Company at its meeting held on 04 May 2024, has recommended a Final dividend of Rs.1.50 per share (i.e.15%), subject to the approval of the shareholders.Powered by Capital Market - Live News

IDBI Bank will hold a meeting of the Board of Directors of the Company on 4 May 2024.Powered by Capital Market - Live News

IDBI Bank announced that India Ratings & Research has assigned IDBI Bank`s Certificates of Deposits `IND A1+` rating and affirmed existing ratings for other debt instruments as under:Basel III compliant bonds ( Rs 2000 crore) - IND AA-; Stable (affirmed) Omni infrastructure bonds (Rs 8000 crore) - IND AA-; Stable (affirmed) Basel III compliant tier II bonds (Rs 3000 crore) - IND AA-; Stable (affirmed) Fixed deposits - IND AA-; Stable (affirmed) Senior debt (Rs 3631 crore) - IND AA-; Stable (affirmed) Certificate of deposits (Rs 16000 crore) - IND A1+ (affirmed) Certificate of deposits (Rs 19000 crore) - IND A1+ (assigned) Powered by Capital Market - Live News