IDBI Bank Ltd: From ICU to IPO – Can This PSU Finally Flex?
1. At a Glance
Once the sad boy of Indian banking with NPAs that could fill a black hole, IDBI Bank is now slowly turning into a comeback kid. Backed by LIC and the government, this bank’s resurrection arc deserves a docuseries.
2. Introduction with Hook
If Indian banks were Bollywood characters, HDFC is the hero, SBI is the strict father, and IDBI was… the tragic backbencher who failed every exam until one day—got a haircut, hit the gym, and passed the RBI’s PCA test.
Market Cap: ₹1.07 lakh crore
Price: ₹99.7
Dividend Yield: 2.11%
Now with improving profits, lower NPAs, and some real growth on the books, is this bank finally going from IDBI = I Don’t Bank Intelligently to IDBI = I Definitely Bank Intelligently?
3. Business Model (WTF Do They Even Do?)
IDBI Bank offers core banking services: retail, corporate banking, and treasury operations.
Business Segment Split (Q2 FY25):
Retail Banking: 55%
Corporate/Wholesale Banking: 17%
Treasury: 27%
Others: 1%
They’re shifting focus to low-risk retail lending—which is code for: no more blowing up ₹500 crore on one random power company in 2008.
