ICRA places on watch IDBI Bank at AA
IDBI Bank (IDBI) said ICRA has placed on watch its credit rating at AA. The company is valued at about ₹82,245 crore.
What happened
IDBI Bank (IDBI) told the exchanges on 26 October 2026 at 06:04 PM that ICRA has placed on watch its credit rating at AA.
Company snapshot
IDBI Bank is a mid-cap company in the Financial Services sector, with a market value of about ₹82,245 crore.
The stock last traded at ₹76.49, against a 52-week range of ₹61.01–₹118.4 (35.4% below the high).
Before this filing the shares had moved −7.8% over the month and −10.0% over three months. Average daily turnover over the last 20 sessions was about ₹178 crore.
Promoters held 94.71% at the end of Q2 FY27. Foreign institutions owned 0.47% and domestic institutions 0.20%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 9,264 | 3,229.6 | 3 |
| Q3 FY26 | 8,352 | 1,954.1 | 1.82 |
| Q4 FY26 | 9,518 | 2,007.1 | 1.87 |
| Q1 FY27 | 8,633 | 2,127.1 | 1.98 |
| Q2 FY27 | 9,936 | 2,214.5 | 2.06 |
What history shows
BCEIE's records show 5 previous credit rating filings from the company since May 2026.
After those filings, the stock gained 1.1% on average the next trading day and was up 2.6% on average after five days (4 filings with price data).
Across 202 similar disclosures by other Financial Services companies, shares moved +0.1% on average the next day and −0.1% over five days; 47% of them rose the next day.
Market-wide, 1,332 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 19 Sept 2026 | Credit Rating | −0.2% | +2.1% |
| 29 Aug 2026 | Credit rating | −0.6% | −2.1% |
| 27 Aug 2026 | Credit rating | −2.2% | −2.9% |
| 21 Aug 2026 | Credit rating | +7.6% | +13.4% |
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- IDBI Bank sale: Employees to go on nationwide 2-day hunger strike on November 2, 3
- Fairfax plans to fold other Indian financial holdings into IDBI Bank
- IDBI Bank is finally being sold
- Largest-ever FDI in India’s financial sector: Cabinet approves sale of IDBI Bank to Fairfax for ₹52,878 crore
- Fairfax Financial Buying Majority Stake in India’s IDBI Bank
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.