IDBI Bank Ltd. makes a corporate announcement

As of 31 March 2026, the book value of IDBI Bank’s Premises—the category covering land and residential/office buildings—is 8,880.8347 in the Schedule 10 reporting unit (“’000”). The same schedule reports total fixed assets of 9,760.1446, including other fixed assets and capital work-in-progress. ^[1] The report describes premises as including leasehold/freehold land and residential/office buildings. ^[2]

The accounting policy states that premises are revalued in accordance with the Bank’s policy and RBI guidelines, and are carried at the revalued amount less accumulated depreciation. ^[3]

The cited policy wording does not specify a fixed numeric frequency—such as annually or once every three years—so the precise revaluation interval could not be confirmed. The report does record a revaluation effective 1 March 2025, but that date alone does not establish the policy frequency. ^[2]

The latest Q2 FY27 shareholding filing shows LIC holding 49.24% and the Government of India holding 45.48%. Their combined named-holder stake is therefore 94.72%. The filing’s promoter-category line displays 94.71%, a 0.01 percentage-point presentation difference.

Fit-and-proper disclosures in the divestment process

• The divestment was structured as a two-stage competitive bidding process. Only parties found “Fit and Proper” by the RBI and granted security clearance by the Ministry of Home Affairs (MHA) could proceed to the bidding stage. ^[4]
• The requirement applied at the Expression of Interest (EoI) stage. Of five initial EoIs, four parties qualified under the eligibility and disqualification criteria, and two ultimately submitted techno-financial bids. ^[4]
• Following selection, the successful bidder must present its credentials to the RBI in accordance with the fit-and-proper assessment conducted at the EoI stage and submit a roadmap for complying with the regulatory conditions prescribed by the RBI. ^[5]

The key distinction is that RBI fit-and-proper clearance and MHA security clearance were preconditions for participation, while the successful bidder still has to complete subsequent regulatory approvals and demonstrate compliance with the prescribed conditions.

IDBI Bank’s latest Q2 FY27 metrics are comfortably stronger than the explicit risk thresholds cited in the available regulatory-rating material, but those thresholds should not be described as the formal legal conditions for change in control.

• CAR: 27.10% as of 30 September 2026, up from 25.39% a year earlier ^[6]. CARE’s stated negative trigger is a fall in the cushion over the minimum regulatory requirement below 3.5 percentage points; the cited material does not state the underlying minimum CAR, so the exact cushion cannot be calculated from the evidence available ^[7]. CARE nevertheless describes IDBI’s capitalisation as having an adequate cushion over the minimum regulatory requirement ^[7].
• Net NPA: 0.17% as of 30 September 2026 ^[6]. This is 0.83 percentage points below CARE’s cited negative-rating threshold of NNPA above 1% on a sustained basis ^[7].
• Change-in-control qualification: The cited filings refer to RBI fit-and-proper assessment and other regulatory conditions for the proposed stake sale, but do not set out a separate numeric CAR/NNPA eligibility test for change in control ^[8]. Therefore, the 3.5-point CAR cushion and 1% NNPA level should be treated as CARE rating-monitoring thresholds, not confirmed statutory takeover thresholds.

“Other Assets” and the AIBOA valuation concern

The structured financial data contains a line labelled Other Assets of ₹466,560 Cr at FY26 Q4 ^[9]. However, the official FY26 financial-data table identifies essentially the same amount—₹466,560 Cr—as total assets, not as a separately valued pool of “Other Assets” ^[10]. This indicates a likely classification or mapping issue in the extracted KPI label.

Accordingly:

• The latest Q2 FY27 results do not provide a separately identifiable current quantum of “Other Assets” in the cited balance-sheet disclosures.
• The ₹466,560 Cr figure should not be treated as the value of properties or other assets potentially subject to AIBOA’s concerns.
• AIBOA’s objection specifically concerns the valuation of IDBI Bank’s extensive real-estate holdings ^[11]. No carrying value or independent valuation of those properties is reported in the cited material, so the asset value potentially affected by that concern cannot be quantified from the reported “Other Assets” figure.