IDBI Bank Q1 Results: Standalone profit jumps 17% YoY to Rs 2,007 cr, NII drops 2%
on Monday reported a 17% year-on-year (YoY) growth in its Q1FY26 standalone net profit at Rs 2,007 crore as compared to Rs 1,719 crore posted in the year-ago period.
The private lender posted a Net Interest Income (NII) of Rs 3,166 crore in Q1 of FY26, which was 2% lower as against Rs 3,233 crore posted in Q1 of FY25.
Explore courses from Top Institutes in
Select a Course Category
Healthcare
MBA
others
Technology
Others
Digital Marketing
Leadership
CXO
Data Science
MCA
Artificial Intelligence
Project Management
Data Science
Management
healthcare
Degree
Cybersecurity
PGDM
Public Policy
Design Thinking
Product Management
Operations Management
Finance
Skills you'll gain:
Financial Analysis in Healthcare
Financial Management & Investing
Strategic Management in Healthcare
Process Design & Analysis
Duration:
12 Weeks
Indian School of Business
Certificate Program in Healthcare Management
Starts on
Jun 13, 2024
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Moose Approaches Girl At Bus Stop And Nudges Her To Follow - Watch What Happens
Happy in Shape
Undo
MORE TO COME....
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
19 minutes ago
- Deccan Herald
BEL Q1 net up 24.87% to Rs 969.13 crore
Profit before tax (PBT) during the quarter stood at Rs 1,289.24 crore, with a growth of 24.28% over the same quarter last year when it posted Rs.1,037.34 crore.
Hans India
19 minutes ago
- Hans India
CMRF cheques distributed to 33 beneficiaries
Rajamahendravaram: Rajamahendravaram Rural MLA Gorantla Butchaiah Chowdary on Monday distributed CMRF (Chief Minister's Relief Fund) cheques worth Rs 41.66 lakh to 33 beneficiaries from his constituency at his residence. Speaking on the occasion, the MLA stated that the coalition government stands by those in need and provides relief to affected families through the Chief Minister's Relief Fund. He informed that over the past year, a total of Rs 1, 88, 91, 144 has been sanctioned for 147 beneficiaries within his constituency. He further lauded Chief Minister Nara Chandrababu Naidu for his humanitarian approach and prompt response in assisting families suffering from health issues. Beneficiaries, their family members, and local leaders participated in the programme.
Hans India
19 minutes ago
- Hans India
TCS layoff shocker has a lesson for all IT pros
Employees from almost all major IT companies in the country are in a state of shock worried about their future career prospects. Even investors are on tenterhooks following the bolt from the blue delivered by Tata Consultancy Services (TCS), inarguably the most profitable company in the entire Tata Group. The announcement made by the country's largest IT exporter that it is contemplating its biggest ever workforce shakeup by laying off around two per cent of its workforce is set to trigger a phase of uncertainty that could be as worse as the harrowing period when the Covid-19 jolt shook the entire world. In normal terms, two per cent may appear to be a modest figure but the enormity of the TCS decision can be gauged from the fact that once this process is completed by FY26, the company, which presently employs 613,069 professionals globally, would have shown the door to a staggering 12,261 employees in the middle and senior grades. The decision apparently comes in the backdrop of macro uncertainties and AI-led technology disruptions that are impacting business demand, one way or the other. However, the exit will not be in one go but in a phased manner. TCS is such a big player on the global firmament that the tremors of this announcement are being felt, quite naturally so, in the stock market. As an immediate reaction, not only did its share prices tumble by around 1.7% to a day's low of Rs 3,081.20 on BSE but also had its bearing on those of other IT giants like Wipro, HCL Technologies and Infosys, who were down by almost two per cent apiece, while Nifty IT was down by over one per cent. On that count, even staffers from other IT firms may be concerned about their own survival if their employer's follow the TCS example and resort to a similar cost-cutting measure. This fear is not unfounded. During the torturous Covid crisis, many software professionals had to look for jobs beyond their areas of expertise. The decision has sparked huge debates as regards the reason for the layoff with many pointing out that this was largely influenced by its plans to foray into new markets, adopt fresh technologies and go whole hog into AI integration. Given that automation is gradually reshaping the IT job market. This theory was put to rest by the tech giant's CEO K Krithivasan, who refused to buy the argument that the job cuts were indicative of AI replacing human workers. In all fairness, one must see the logic behind the TCS move. He was firm that the transition was to suit the requirements of their myriad clients, in line with the precedent set by Microsoft years ago. Meanwhile, his clarification that it was professional mismatch that led to the layoff is quite a genuine reasoning. Any employee who fails to upgrade himself to the latest in automation will be a liability, a white elephant, to the organisation. TCS has in fact trained over 5.50 lakh employees in basic AI skills and around one lakh in advanced AI to make them ready for the next tech wave. Those relying on time-tested, but fast eroding, methods cannot be accommodated in the AI era. IT professionals must align with the emerging technologies, structural and strategic shifts and keep pace with the future demands or look for openings in unrelated fields. The TCS shocker has a lesson for every IT employee-stay updated or be out of the reckoning.
