Indian Bank sees no pressure on NIMs, to maintain at 3.41% going forward - MD
This story was originally published at 18:38 IST on 10 July 2026
Register to read our real-time news.Informist, Friday, Jul. 10, 2026
--Indian Bank: All segments of MSME seeing good loan growth of 15-18%
--Indian Bank: See no pressure on NIMs, will stay at current level
--Indian Bank: Have INR 30 bln of unclaimed deposits
MUMBAI/NEW DELHI – Indian Bank aims to maintain its domestic net interest margin at the same level as it has been in the first quarter of 2026-27 (Apr-Mar), Managing Director and Chief Executive Officer Binod Kumar said Friday. The Tamil Nadu-based bank's domestic net interest margin in the June quarter was 3.41%, up 6 basis points from a quarter ago. This was also higher than its full-year guidance of 3.10-3.25%.
The bank does not see any pressure on its net interest margins, Kumar said at a post-earnings press conference. Earlier in the day, the bank detailed its June quarter earnings and reported over 10% on year growth in its net profit at INR 32.73 billion. The lender's total income rose nearly 11% on year to INR 207.24 billion.
Speaking on advances, Kumar said the bank has seen good 15–18% growth in all segments of the micro, small, and medium enterprise loan book. The lender has reported a 17.03% on-year rise in its domestic gross advances in the overall micro, small, and medium enterprises sector. The bank has INR 30 billion of unclaimed deposits, according to Kumar. In the June quarter, the bank's total deposits rose 13.5% on year to INR 8.44 trillion.
Indian Bank reported its earnings during market hours, following which its shares surged over 10% to INR 872.45 on the National Stock Exchange. Shares of the bank ended at INR 870.70 on the NSE, up 9.8% from the previous close. End
Reported by Kabir Sharma and Shweta
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
