NE BUSINESS BUREAU
CHENNAI, JULY 25
Public sector lender Indian Bank’s net profit increased 23.69% to ₹2,973 crore in the first quarter of FY26 from ₹2,403 crore in the same period last year. Net Interest Income increased by 2.93% to ₹6,359 crore in the April-June quarter of 2025-2026 from ₹6,178 crore in the comparable period last year.
The bank’s net interest margin declined to 3.23% in the first quarter of 2025-2026 from 3.44% in the comparable period last year, impacted by the repo rate cuts by the Reserve Bank of India (RBI).
Net Interest Income increased by 2.93% YoY to ₹6359 Cr in Jun’25 from ₹6178 Cr in Jun’24.
In the first quarter of 2025-26, Indian Bank’s overall deposits grew 9.26% to ₹7,44,289 crore from ₹6,811,83 crore, while gross advances increased by 11.50% to ₹6,0,1147 crore from ₹5,39,123 crore.
- RAM (Retail, Agriculture & MSME) advances grow by 15.93% ₹3,63,221 crore
- Net Interest Income increases by 2.93% YoY to ₹6359 Cr in Jun’25 from ₹6178 Cr in Jun’24.
RAM (Retail, Agriculture & MSME) advances grew by 15.93% ₹3,63,221 crore in the April-June quarter, 2025-2026 from ₹3,13,301 crore last year.
Priority sector advances as a percentage of ANBC stood at 44.73% at ₹211203 Cr during the reporting quarter as against the regulatory requirement of 40%
Total Deposits increased by 9.26% YoY and reached ₹744289 Cr as against ₹681183 Cr in the same period of last year.
The Bank was honoured with the “Best Public Sector Bank” award in the organisational category and the MD & CEO of the Bank received “CEO of the Year” award at Tamil Nadu Leadership Awards 2024. Indian Bank secured 3rd position in the Digital Payments Awards 2023-24, presented by the Ministry of Finance, for outstanding performance in Digital Payments (PSB).
Slippage Ratio decreased to 0.94% in the first quarter, when compared to 1.50% last year.
Gross Non-Performing Asset (NPA) decreased by 76 basis points to 3.01% in the first quarter, from 3.77% last year, while Net NPA declined to 0.18% from 0.39%.
Business of ₹57,955 Cr has been generated through Digital Channels in Q1FY26. A total of 132 Digital Journeys, Utilities and Processes have been launched so far. The number of Mobile Banking users has grown by 15% year over year, reaching 2.02 Cr.
UPI users and Net Banking users have witnessed an increase of 23% & 6% YoY reaching 2.29 Cr and 1.16 Cr respectively. The debit card & credit card users increased by 4% and 19% respectively.
Binod Kumar, Managing Director & CEO of Indian Bank said the bank is confident of achieving credit growth of 10-12% credit growth for FY26.