IDBI Bank Q2 Net Profit Falls 39%, Fairfax to Acquire 60.72% Stake
IDBI Bank's Q2 FY27 net profit declined 39% year-on-year, partly due to a one-off gain in the previous year. Despite this, the bank showed improvements in profitability, margins, asset quality, deposits, and advances. Fairfax Financial's proposed acquisition of a 60.72% stake marks a significant step in the bank's privatisation process.
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