IDFC Bank reported its second quarter results for the financial year 2026, wherein the bank witnessed a 75.5% YoY surge in its standalone net profit at Rs 352.31 crore, up from Rs 200.69 crore in Q2FY26. However, the bank’s net interest income (NII) took a sharp hit, falling by 40% YoY.
NII was reported at Rs 5,112.57 crore for the said quarter, versus Rs 8,540.03 crore in the year-ago period.
IDFC Bank’s net interest margin (NIM) fell by 59 bps on a year-on-year basis to 5.59%, down from 6.18% a year ago and 5.71% in the previous quarter.More to follow..
