Indian Bank Financial Results: Bank's Q2 Net Profit Rises 11.5% to ₹3,018 Crore on Improved Asset Quality, Lower Provisions

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Chennai, October 16, 2025: Indian Bank reported an 11.5% year-on-year increase in net profit to ₹3,018 crore for the quarter ended September 30, up from ₹2,706 crore in the same period last year. The growth was supported by improved asset quality and lower provisioning requirements, despite only a moderate increase in income, said Binod Kumar, Managing Director of Indian Bank.

Indian Bank Financial Results: Banks Q2 Net Profit Rises 11.5% to ₹3,018 Crore on Improved Asset Quality, Lower Provisions
Binod Kumar, MD & CEO, Indian Bank.

Operating profit rose 2.3% to ₹4,837 crore, compared to ₹4,729 crore in the year-ago quarter. Net interest income (NII) increased 6% to ₹6,551 crore, while other income grew 3% to ₹2,487 crore. Total provisions dropped significantly to ₹739 crore from ₹1,099 crore a year earlier. However, the net interest margin (NIM) narrowed to 3.23% from 3.39% amid a changing interest rate environment.

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“NIM pressures are expected to persist into Q3 as a substantial portion of MCLR-linked loans are due for repricing. While deposit rates will also adjust, the impact from loan repricing will be more pronounced.”

Advances grew 12.7% year-on-year to ₹6.20 lakh crore, while total deposits rose 12% to ₹7.77 lakh crore. The CASA (Current and Savings Account) ratio declined to 38.9% from 40.5%, highlighting ongoing challenges in mobilizing low-cost deposits.

Asset quality showed marked improvement, with gross non-performing assets (GNPA) falling to 2.6% from 3.48% a year ago. Net NPA declined to 0.16% from 0.27%, reinforcing the bank’s strengthened credit profile.

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