IDBI Bank Adverse Business Impact

IDBI Bank Credit Rating

IDBI Bank's long-term debt was placed on CRISIL AA/Watch Positive; CDs reaffirmed A1+. The watch reflects the proposed Fairfax acquisition of a 60.72% stake.

IDBI Bank Results Update

IDBI Bank released financial highlights for the quarter ended September 30, 2026. The bank reported a net profit of ₹2,205 Crore for the second quarter.

IDBI Bank Q2 FY27 Results: Net Profit ₹2,214 Cr, Down 31.4% YoY

IDBI Bank Ltd reported revenue from operations of ₹8,519 Cr (+19.8% YoY) and net profit of ₹2,214 Cr (-31.4% YoY) for Q2 FY27.

Key figure

Net profit ₹2,214 Cr · -31.4% YoY

IDBI Bank Other Announcement

IDBI Bank Ltd has filed its quarterly shareholding pattern statement. The report details the distribution of equity shares across various categories of investors.

IDBI Bank Price Movement Clarification

IDBI Bank clarified the news on the government's CABET-approved stake sale to Fairfax. It stated DIPAM leads the competitive disinvestment and the Bank has no role in it.

IDBI Bank Merger & Restructuring Worth ₹52,878 Cr

The Government of India and LIC have sold a 60.72% stake in IDBI Bank to M/s 10955230 Canada Inc. for a total consideration of ₹52,878.08 Crore.

Value

₹52,878 Cr

From

M/s 10955230 Canada Inc.

IIFL Capital Services Adverse Business Impact

IIFL Capital Services' subsidiary surrendered its SEBI Investment Adviser registration, effective October 28, 2026. The company states there is no material monetary impact and no penalty.

Ecoboard Industries Adverse Business Impact

Ecoboard suspended its Particle Board division for one year over raw material shortages and non-viability. Venkatraman Krishnamurthi was appointed CEO, while Gottumukkala steps down to MD.

Execution

One (1) year temporary suspension

Latteys Industries Adverse Business Impact

Latteys Industries reported a suspected Boss Scam cyber fraud causing an unauthorised ₹0.8 Crore transfer. No recovery yet; financial impact under assessment.

Value

₹0.80 Cr

Intellect Design Arena Adverse Business Impact

Intellect Design disclosed a cyber incident at its Canadian subsidiary where fake payment instructions were sent to a customer. No funds left the Company's bank accounts and operations are unaffected.

Gulf Oil Lubricants India Adverse Business Impact

Gulf Oil Lubricants reported a fire at its Gujarat warehouse on October 27, 2026. No injuries were reported, and the stock is insured while damage is assessed.

Banswara Syntex Adverse Business Impact

Banswara Syntex reported a fire at its Banswara unit on 27 October 2026, with no casualties. Damage is being assessed and insurance claims are being filed.