Indian Bank reported a strong financial performance for Q2 FY26. Net profit increased by 11.49% YoY to ₹3018 Cr. The bank demonstrated healthy growth across key financial metrics, including deposits, advances, and net interest income. Asset quality also showed improvement, with a reduction in gross and net NPA percentages. The bank remains committed to driving digital transformation and expanding its business network.
Financial Highlights for Q2 FY26
Indian Bank showcased robust financial results for the second quarter of fiscal year 2026. Key performance indicators include:
- Business reached ₹13.97 lakh Cr, up 12.34%.
- Deposits totaled ₹7.77 lakh Cr, an increase of 12.09%.
- Advances grew to ₹6.20 lakh Cr, a 12.65% rise.
- Net Profit stood at ₹3018 Cr, representing an 11.49% YoY increase.
Asset Quality Improvement
The bank reported enhancements in asset quality, contributing to its overall financial stability:
- Gross Non-Performing Assets (GNPA) improved to 2.60%.
- Net Non-Performing Assets (NNPA) decreased to 0.16%.
- Provision Coverage Ratio (PCR) was strong at 98.28%.
Key Financial Ratios
Several key financial ratios reflect the bank’s strong performance and efficiency:
- Cost of Deposits: 5.01%.
- Yield on Advances: 8.40%.
- Net Interest Margin (NIM) (domestic): 3.34%.
- Return on Assets (RoA): 1.32%.
- Return on Equity (RoE): 19.58%.
Business Expansion and Digital Initiatives
Indian Bank continues to focus on expanding its reach and enhancing its digital capabilities:
- The bank is expanding its digital footprint through various digital platforms and initiatives.
- Emphasis on financial inclusion through various schemes and programs.
- The bank has a wide network of branches, ATMs, and business correspondents.
Source: BSE
