Quarterly Result10 Jul 2026, 12:58 pm
Indian Bank Q1 FY27 Net Profit Rises 10.09% to ₹3273 Cr
AI Summary
Indian Bank reported its unaudited financial results for the first quarter of FY 2026-27 ended June 30, 2026. The bank witnessed a 10.09% year-on-year increase in net profit, reaching ₹3273 Cr. Total business grew by 13.66%, with gross advances up 13.89% and deposits rising 13.47%. The CASA share remained robust at 39.73%. Asset quality improved, with the GNPA ratio decreasing to 1.86%. Operating profit saw a significant 16.50% YoY rise. The bank also highlighted strong digital transaction share at 95% and improved cost-to-income ratio.
Key Highlights
- Net profit increased 10.09% YoY to ₹3273 Cr.
- Total business grew 13.66% YoY, driven by advances and deposits.
- GNPA ratio improved to 1.86%, indicating resilient asset quality.
- Digital transactions accounted for 95% of total transactions.
- Operating profit rose 16.50% YoY to ₹5557 Cr.
Price Impact
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