IDBI Bank Proposes ₹2.10 Dividend, Sets July 15 as Record Date Ahead of AGM

Mumbai, June 25, 2025: IDBI Bank Ltd. (NSE: IDBI, BSE: 500116) has announced a final dividend of ₹2.10 per equity share (face value ₹10) for the financial year 2024-25. The record date to determine the eligibility of shareholders for this dividend has been fixed as Tuesday, July 15, 2025. The payout remains subject to shareholder approval at the bank’s upcoming 21st Annual General Meeting (AGM), scheduled for July 22, 2025.

Book Closure and Key Dates

In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the bank will remain closed from July 16 to July 22, 2025. The remote e-voting facility will open at 9:00 a.m. IST on July 17 and close at 5:00 p.m. IST on July 21.

Rising Dividend Trend Reflects Improved Financial Health

This year’s proposed dividend of ₹2.10 signifies a 40% increase compared to the ₹1.50 payout in FY24. This marks a significant development, as it represents the highest dividend declared by IDBI Bank in over a decade, excluding any one-off special distributions. This upward trend in dividends underscores the bank’s improved profitability, strengthened asset quality, and robust capital position.

The bank’s consistent increase in dividend payouts since its exit from the Prompt Corrective Action (PCA) framework in March 2021 highlights a strategic shift. During its time under PCA from FY20 to FY22 (it was placed under PCA in May 2017), IDBI Bank did not declare dividends. Post-exit, the bank has gradually reinstated and increased payouts to shareholders, aligning its strategy with sustained financial performance and a healthier balance sheet.

How Did Investors React?

At around 2:45 PM, the shares of IDBI Bank were up 2.87%, or ₹2.63 and were trading at ₹94.31.

What’s Ahead For IDBI Bank?

IDBI Bank has proposed a ₹2.10 final dividend for FY25, with July 15 set as the record date and the AGM scheduled for July 22. This marks a 40% hike over last year, reflecting strong financial health and improved profitability. Since exiting the PCA framework in 2021, the bank has consistently increased dividends, signalling renewed investor confidence and balance sheet strength.

Company Profile: IDBI Bank

IDBI Bank Limited is a full-service banking institution listed on the NSE and BSE. The bank, which is majority-owned by the Life Insurance Corporation of India, provides retail, corporate, and MSME banking services across India. It is also part of the strategic disinvestment pipeline announced by the Government of India. The equity shares of IDBI Bank are listed under ISIN INE008A01015.

The AGM will be conducted via video conferencing or other audio-visual means, allowing shareholders to vote electronically. Shareholders as of end-of-day July 15, 2025, will be entitled to participate and vote on resolutions, including the final dividend.

REF: https://nsearchives.nseindia.com/corporate/MANESHJ_25062025134748_SE_RecordDate_25062025.PDF

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