Indian Bank has reported robust growth for the fiscal year ended March 31, 2026, with net profit rising by 11.33% to ₹12,156 crore. Total business expanded by 12.79%, supported by strong credit demand across retail, agriculture, and MSME sectors. The bank maintained a healthy domestic CASA ratio of 39.67% and significantly improved its asset quality, with GNPA decreasing to 1.98%.
Fiscal Year 2026 Financial Highlights
Indian Bank delivered a standout performance in FY26, reflecting disciplined growth and improved operational efficiency. The bank’s net profit reached ₹12,156 crore, marking an 11.33% year-on-year increase. Operating profit also saw a positive trajectory, rising to ₹19,916 crore, while net interest income grew to ₹26,915 crore.
Asset Quality and Operational Strength
The bank achieved significant improvements in asset quality metrics. The Gross Non-Performing Assets (GNPA) ratio decreased by 111 bps year-on-year to 1.98%. Additionally, the provision coverage ratio improved to 98.28%, underscoring the bank’s strong risk management practices. The Capital Adequacy Ratio remained robust at 17.93%, with CET-I strengthening to 16.40%.
Digital Banking Transformation
Digital adoption remained a core driver of efficiency, with ₹2,72,302 crore in business generated through digital channels during FY26. The bank successfully launched 153 digital journeys and utilities. Mobile banking users grew by 22% to reach 2.36 crore, while UPI and net banking usage showed consistent upward momentum, reflecting the bank’s successful transition toward a digital-first model.
Industry Recognition
The bank’s commitment to innovation and technology was rewarded with several prestigious accolades, including the Golden Peacock Award for Excellence in Artificial Intelligence for 2026. Furthermore, the bank received recognition for its IB SAATHI initiative and earned the Red Hat APAC Innovation Award 2025, cementing its position as a leader in banking technology and digital customer experience.
Source: BSE
