July 24, 2025

The State-run Indian Bank disclosed its first-quarter financial results for 2025-2026, showcasing notable growth in various key areas. The net profit surged by 23.69% to ₹2,973 crore compared to ₹2,403 crore in the same period last year. This growth was attributed to an increase in non-interest income and reduced slippages. Net Interest Income also witnessed a 2.93% rise to ₹6,359 crore in the April-June quarter of 2025-2026. However, the net interest margin experienced a slight decline to 3.23% due to the impact of repo rate cuts by the RBI. On the non-interest income front, there was substantial growth, reaching ₹2,439 crore in the current quarter compared to ₹1,906 crore in the corresponding period last year. Deposits and gross advances saw positive momentum as well, with overall deposits expanding by 9.26% to ₹7,44,289 crore and gross advances increasing by 11.50% to ₹6,0,1147 crore for the same period. Specifically, Retail, Agriculture & MSME (RAM) advances showed robust growth of 15.93% to ₹3,63,221 crore. The bank also exhibited improvements in asset quality, with the Slippage Ratio dropping to 0.94% and Gross Non-Performing Asset (NPA) decreasing to 3.01%, while Net NPA declined to 0.18%. Binod Kumar, the Managing Director & CEO of Indian Bank, expressed confidence in achieving a credit growth of 10-12% for the fiscal year 2025-26. Indian Bank's performance reflects a positive outlook amidst economic challenges and regulatory changes.

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Tags: Indian bank, Quarterly results, Net profit, Interest income, Non-performing assets, Credit growth,