Indian Bank – Financial Results for the Quarter ended 30th September 2026
Indian Bank – Financial Results for the Quarter ended 30th September 2026
Total business increased by 14.22%, reflecting broad-based momentum across all the segments.
Gross Advances grew by 16.39% YoY, led by strong traction in Retail, Agriculture and MSME (RAM) portfolios
Deposits rose by 12.50%, supported by a healthy CASA ratio of 39.36%
Bank strategically reduced its Bulk deposit (including CD) by 5.60% on QoQ basis, from ₹1.62 lakh Cr in Jun’26 to ₹1.52 lakh Cr in Sep’26
Bank has mobilized fresh FCNR(B) Deposits amounting to ₹22486 Cr. It has also raised OFCB of ₹3806 Cr
Net profit recorded a growth of 14.71% YoY, reflecting improved operational efficiency, steady NIM and disciplined cost management.
Operating profit grew by 46.58% YoY
The bank’s non-interest income (NII) registered a strong growth of 59% YoY, reaching ₹3,953 Cr for the quarter ended September 2026
The Bank’s cost-to-income ratio improved by 723 bps to 39.25% in Sep’ 2026 from 44.80% in Jun’26
Asset quality strengthened further, with GNPA improving to 1.61% and NNPA to 0.14%
Digital adoption reached 96% of total transactions, showcasing technology-led customer engagement
• Net Profit up by 14.71% YoY at ₹3462 Cr in Sep’26 from ₹3018 Cr in Sep’25
• Operating Profit improved by 46.58% YoY to ₹7090 Cr in Sep’26 from ₹4837 Cr in Sep’25
• Net Interest Income increased by 17.83% YoY to ₹7719 Cr in Sep’26 from ₹6551 Cr in Sep’25
• Return on Assets (RoA) stood at 1.31%, Return on Equity (RoE) at 19.65 % in Sep’26
• Yield on Advances (YoA) stood at 8.17% in Sep’26
• Cost of Deposit stood at 4.89% in Sep’26
• Gross Advances increased by 16.39% YoY to ₹721982 Cr in Sep’26 from ₹620324 Cr in Sep’25
• RAM (Retail, Agriculture & MSME) advances grew by 17.74% YoY to ₹442302 Cr in Sep’26 from ₹375660 Cr in Sep’25
• RAM contribution to gross domestic advances stood at 67.04%. Retail, Agri & MSME advances grew by 17.37%, 17.18% and 19.06% YoY respectively. Home Loan (including mortgage) grew by 12.33% YoY in Sep’26
• Priority sector advances as a percentage of ANBC stood at 48.67% at ₹257647 Cr in Sep’26 as against the regulatory requirement of 40%
• Total Deposits increased by 12.50% YoY and reached to ₹874036 Cr in Sep’26 as against ₹776946 Cr in Sep’25. Current, Savings & CASA deposits grew by 27.48%, 11.55%, and 13.77% YoY respectively
• Domestic CASA ratio stood at 39.36% as on 30thSep’26
• CD ratio stood at 82.60% as on 30thSep’26
• GNPA decreased by 99 bps YoY to 1.61% in Sep’26 from 2.60% in Sep’25, NNPA reduced by 2 bps to 0.14% in Sep’26 from 0.16% in Sep’25
• Provision Coverage Ratio (PCR, including TWO) stood at 98.22% in Sep’26
• Slippage Ratio contained to 0.69% in Sep’26 in comparison to 0.79% in Sep’25
• Capital Adequacy Ratio stood at 16.21%. CET-I stood at 15.18% and Tier I Capital at 15.18% in Sep’26
• Earnings Per Share (EPS) increased to ₹102.82 in Sep’26 from ₹89.63 in Sep’25
• Net Profit up by 5.77% QoQ to ₹3462 Cr in Sep’26 from ₹3273 Cr in Jun’26
• Fee based income grew by 10.76% QoQ to ₹1030 Cr in Sep’26 from ₹930 Cr in Jun’26
• Yield on Investments (YoI) improved by 2 bps QoQ to 6.98% in Sep’26 from 6.96% in Jun’26
• Cost to income ratio improved by 555 bps to 39.25% in Sep’26 from 44.80% in Jun’26
• Net Interest Margin (NIM) Domestic stood at 3.42% in Sep’26
• GNPA decreased by 25 bps to 1.61% in Sep’26 from 1.86% in Jun’26, NNPA reduced by 1 bps to 0.14% in Sep’26 from 0.15% in Jun’26
• Net Profit up by 12.42% YoY to ₹6735 Cr in H1FY27 from ₹5991 Cr in H1FY26
• Operating Profit grew by 31.65% YoY to ₹12647 Cr in H1FY27 from ₹9607 Cr in H1FY26
• Net Interest Income up by 17.38% YoY to ₹15154 Cr in H1FY27 from ₹12910 Cr in H1FY26
• Net Interest Margin (NIM) Domestic stood at 3.41% in H1FY27, improvement of 6bps over H1FY26 level of 3.35%
• Return on Assets (RoA) stood at 1.31 in H1FY27
• Credit Cost improved by 5 bps YoY to 0.22% in H1FY27 from 0.27% in H1FY26
• Return on Equity (RoE) stood at 19.57% in H1FY27
Network:
• The Bank has 6017 domestic branches (including 3 DBUs), out of which 2013 are Rural, 1611 are Semi-Urban, 1196 are Urban & 1197 are in Metro category. The Bank has 3 overseas branches & 1 IBU (Gift City Branch).
• The Bank has 5678 ATMs & BNAs and 18,379 Business Correspondents (BCs).
• Digital Banking:
• Business of ₹1,45,344 Cr has been generated through Digital Channels in H1FY27. A total of 164 Digital Journeys, Utilities and Processes have been launched so far and accounts for 19.31%
.
• Number of Mobile Banking users has grown by 26% YoY, reaching 2.66 Cr.
• UPI users and Net Banking users have witnessed an increase of 20% & 2% YoY reaching 2.89 Cr and 1.20 Cr respectively. Fastag & POS users increased by 135% & 50% respectively..
Awards & Accolades:
• The Bank was declared winner of the “Best PSB Award 2024-25” by Financial Express.
• The MD & CEO of the Bank received “CEO of the Year” award at Tamil Nadu Business Leader of the Year, 2025.
• Indian Bank has been awarded the APY Annual Award of Excellence for achieving 104% of APY target in FY26.
• The Bank received prestigious SKOCH Golden Award for “IB SAATHI” and Silver Award for “Security Operations”.
• The Bank was awarded the second prize in the prestigious Rajbhasha Kirti Puraskar for FY 2024-25.
• The Bank was declared the winner of the “Golden Peacock Award for Excellence in Artificial Intelligence” for the year 2026.
• The Chief Financial Officer of Indian Bank was honoured as the Best CFO in the Bank (Mid Cap category) at DSIJ’s 2026 CFO Awards.
• The Bank has been declared winner under “Overall Performance-Bank” in the class of Best Public Sector Bank (Medium) at the ASSOCHAM.
Our Focus
Our goal is to make daily banking simple, quick, and accessible for all our customers. We are continuously improving our digital platforms and streamlining processes to deliver transparent, hassle-free services. By keeping customer convenience at the center of our digital growth, we aim to be the most trusted banking partner for individuals, farmers, and businesses alike..
