𝘐𝘯𝘥𝘪𝘢𝘯 𝘉𝘢𝘯𝘬’𝘴 𝘘1 𝘍𝘠26 𝘙𝘦𝘴𝘶𝘭𝘵𝘴; 𝘗𝘳𝘰𝘧𝘪𝘵 𝘫𝘶𝘮𝘱𝘴 24% 𝘵𝘰 𝘙𝘴 2973 𝘤𝘳𝘰𝘳𝘦
Chennai, 24 July 2025: Chennai-based Indian Bank's MD & CEO Binod Kumar today announced the Bank's Q1FY26 Financial Results. He said that the bank posted a 24 per cent rise in net profit to Rs 2,973 crore in the first quarter of the current financial year and had earned a net profit of Rs 2,403 crore in the same quarter of the previous fiscal year.
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| (L to R) Ashutosh Choudary, Executive Director; Binod Kumar, MD & CEO; Brijesh Kumar, Executive Director |
The total income rose to Rs 18,721 crore during the June quarter of 2025-26 from Rs 16,945 crore in the same period of FY25, Indian Bank said in a regulatory filing. Interest earned by the bank surged to Rs 16,283 crore compared to Rs 15,039 crore in the June quarter FY25.
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During the period under review, its operating profit increased to Rs 4,770 crore from Rs 4,502 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.01 per cent of gross advances at the end of the June quarter from 3.77 per cent a year ago.
Similarly, net NPAs, or bad loans, declined to 0.18 per cent, against 0.39 per cent in the year-ago period. As a result, provisions and contingencies significantly declined to Rs 691 crore during the first quarter from Rs 1,258 crore a year ago.
Provision Coverage Ratio (PCR) improved to 98.2 per cent from 96.66 per cent. At the same time, Return on Assets (ROA) improved to 1.34 per cent for June 2025 against 1.20 per cent in June 2024. Capital adequacy ratio of the bank rose to 17.80 per cent from 16.47 per cent in the same quarter of FY25.
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