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Informist, Wednesday, Apr. 29, 2026

 

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--Indian Bank Jan-Mar net profit INR 31.03 bln 
--Indian Bank Jan-Mar net profit INR 31.03 bln vs INR 29.56 bln year ago 
--Analysts saw Indian Bank Jan-Mar net profit at INR 31.38 bln 
--Indian Bank Jan-Mar total income INR 199.80 bln vs INR 185.99 bln year ago 
--Indian Bank Jan-Mar provisions INR 12.26 bln vs INR 7.95 bln year ago 
--Indian Bank Jan-Mar NPA provisions INR 7.48 bln vs INR 11.00 bln year ago 
--Indian Bank FY26 total income INR 774.41 bln vs INR 712.26 bln year ago 
--Indian Bank FY26 net profit INR 121.56 bln vs INR 109.18 bln year ago 
--Indian Bank Basel III capital adequacy ratio 17.93% on Mar 31 
--Indian Bank net NPA ratio 0.15% on Mar 31 vs 0.15% qtr ago, 0.19% yr ago 
--Indian Bank gross NPA ratio 1.98% on Mar 31 vs 2.23% qtr ago, 3.09% yr ago 
--Indian Bank board OKs raising up to INR 50 bln via QIP, FPO, rights issue 
--Indian Bank to pay INR 18.25 per share dividend 
--Indian Bank dividend record date Jun 10 
--Indian Bank: Domestic CASA ratio 39.67% on Mar 31 
--Indian Bank total deposits INR 8.28 tln on Mar 31, up 12.3% YoY 
--Indian Bank sees FY27 net NPA ratio at 0.15%-0.20% 
--Indian Bank sees FY27 gross NPA ratio at 1.5%-1.6% 
--Indian Bank sees FY27 advances growth at 11-13% 
--Indian Bank sees FY27 deposits growth at 9-11% 
--Indian Bank sees FY27 NIM at 3.10%-3.25% 
--Indian Bank domestic gross advances INR 6.17 tln on Mar 31, up 13% YoY 
--Indian Bank Jan-Mar fresh slippages INR 13.55 bln vs INR 13.93 bln yr ago 
--Indian Bank Jan-Mar credit cost 0.47% vs 0.21% qtr ago 
--Indian Bank Jan-Mar NIM 3.23% vs 3.28% qtr ago, 3.37% year ago 
--Indian Bank provision coverage ratio 98.28% on Mar 31 
--Indian Bank Jan-Mar cost of deposits 4.83% vs 4.93% qtr ago 
--Indian Bank Jan-Mar domestic NIM 3.35% 
--Indian Bank Jan-Mar net interest income INR 71.09 bln, up 11.3% YoY 
 

 

By Krity Ambey 

 

NEW DELHI – Despite a healthy growth in net interest income, the rise in Indian Bank's net profit for the March quarter was modest due to a sharp jump in provisions for bad loans. The lender's net profit, up 5% on year, saw the slowest pace of growth in 15 quarters. 

 

Indian Bank posted a net profit of INR 31.03 billion in the March quarter, only marginally higher than INR 30.62 billion in the trailing quarter. The bank's bottom line for the reporting quarter was also slightly lower than analysts' expectation of INR 31.38 billion.

 

Shares of the Chennai-based bank, which had opened at INR 903 Wednesday, fell 2% on the National Stock Exchange following the March quarter earnings announcement. Its shares closed 2.3% lower at INR 876 on the NSE. Indian Bank also recommended a dividend of INR 18.25 per share, and set the record date on Jun. 10.

 

The bank's net interest income--the difference between interest earned and interest expended--rose 11% on year to INR 71.10 billion in the March quarter, taking the total income to INR 199.80 billion, up 7% on year. Meanwhile, the bank's provisions and contingencies rose 54% on year to a seven-quarter high of INR 12.26 billion, of which, the provisions specifically for non-performing assets accounted for INR 7.48 billion. The provision coverage ratio was 98.28% as of Mar. 31, including technical write-offs.

 

Indian Bank's net interest margin compressed to 3.23% in Jan-Mar from 3.28% in the trailing quarter and 3.37% a year-ago. The bank, which expects its margin to stay between 3.10% and 3.25% in 2026-27 (Apr-Mar), reported domestic net interest margin of 3.35%, lower than 3.40% in the December quarter. 

 

Fresh slippages fell nearly 3% on year to INR 13.55 billion in Jan-Mar. The lender's net non-performing asset ratio was flat on quarter at 0.15% as of Mar. 31, but improved from 0.19% a year ago. On the other hand, asset quality recovered on a gross basis, with the gross non-performing asset ratio falling to 1.98% at the end of March from 2.23% as of Dec. 31 and 3.09% as of Mar. 31, 2025. The lender expects its gross non-performing asset ratio to further improve to 1.50-1.60% in FY27, and sees its net non-performing asset ratio in the range of 0.15-0.20%. Credit cost rose to 0.47% in Jan-Mar from 0.21% in the trailing quarter,

 

Indian Bank's advances grew 13% on year to INR 6.67 trillion as of Mar. 31, which primarily included domestic advances worth INR 6.17 trillion, also up 13% on year. The lender expects the growth in advances to remain stable at 11–13% in FY27. Deposits, which grew 12% on year to INR 8.28 trillion, are expected to rise 9–11% in FY27. Indian Bank's domestic current account savings account ratio was 39.67% as of Mar. 31, compared to 39.08% as of Dec. 31. The lender's deposit cost fell to 4.83% in Jan-Mar from 4.93% in Oct-Dec. 

 

The bank reported a capital adequacy ratio of 17.93% as of Mar. 31. Its board also approved raising equity capital up to INR 50 billion through rights issuance, qualified institutional placement, and follow-on public offer. 

 

Indian Bank's net profit grew 11% to INR 121.56 billion in the financial year ended Mar. 31, as provisions fell nearly 17% to INR 35.12 billion. The bank's total income rose nearly 9% to INR 774.41 billion in FY26.  End

 

 

Edited by Tanima Banerjee

 

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