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Informist, Thursday, Jan. 22, 2026

 

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--Indian Bank Oct-Dec net profit INR 30.61 bln 
--Analysts saw Indian Bank Oct-Dec net profit at INR 31.36 bln 
--Indian Bank Oct-Dec net profit INR 30.61 bln vs INR 28.52 bln year ago 
--Indian Bank Oct-Dec total income INR 196.63 bln vs INR 179.12 bln year ago 
--Indian Bank Oct-Dec provisions INR 8.57 bln vs INR 10.59 bln year ago 
--Indian Bank Oct-Dec NPA provisions INR 3.15 bln vs INR 6.11 bln year ago 
--Indian Bank gross NPAs 2.23% as on Dec 31 vs 2.60% qtr ago, 3.26% yr ago 
--Indian Bank net NPAs 0.15% as on Dec 31 vs 0.16% qtr ago, 0.21% yr ago 
--Indian Bank Basel III capital adequacy ratio 16.58% as on Dec 31 
--Indian Bank provision coverage ratio 98.28% as on Dec 31 
--Indian Bank made additional provisions of INR 3.48 bln in Oct-Dec 
--Indian Bank Oct-Dec domestic NIM 3.40% vs 3.34% qtr ago 
--Indian Bank Q3 net interest income INR 68.96 bln vs INR 64.15 bln yr ago 
--Indian Bank Oct-Dec credit cost 0.21% vs 0.26% qtr ago 

 

By Kabir Sharma

 

MUMBAI – Indian Bank reported a rise in its December-quarter net profit on the back of lower provisions and improvement in asset quality. However, the bottom line was slightly lower than market expectations.

 

The state-owned lender posted a net profit of INR 30.61 billion for Oct-Dec, up from INR 28.52 billion a year earlier but lower than analysts' expectations of INR 31.36 billion. Total income rose to INR 196.63 billion from INR 179.12 billion in the year-ago quarter. Shares of the bank surged after its earnings were declared. At 1352 IST, the shares were 1.4% higher at INR 879.95 on the National Stock Exchange. The shares rose further and at 1503 IST they were up over 4% at INR 885.25.

 

Provisions for the quarter declined to INR 8.57 billion from INR 10.59 billion a year ago, and provisions for non-performing assets fell sharply to INR 3.15 billion from INR 6.11 billion. The bank made additional provisions of INR 3.48 billion on standard assets during the quarter.

 

The bank's gross non-performing asset ratio improved to 2.23% as of Dec. 31 from 2.60% in the previous quarter and 3.26% a year earlier, while net NPA ratio eased to 0.15% from 0.16% a quarter ago and 0.21% a year ago. Credit cost of the bank improved to 0.21% from 0.26% a quarter ago. "We aim to maintain strong asset quality through prudent lending and disciplined portfolio management," the bank said in a press release.

 

The bank's Basel III capital adequacy ratio at the end of December was 16.58%, and its provision coverage ratio was a strong 98.28%, reflecting a comfortable capital and buffer position.

 

Net interest income, the core income of the bank, increased by 7.5% on year to INR 68.96 billion in the December quarter. Net interest margin rose 6 basis points from the previous quarter to 3.40% in December.

 

On the asset side, gross advances of the lender rose by 14.2% on year to INR 6.39 trillion as on Dec. 31. Retail, agriculture, and micro small and medium enterprises advances grew by 16.65% on year and their contribution to gross domestic advances stood at 66.06%.

 

On the liability side, total deposits rose by 12.6% on year to INR 7.91 trillion as on Dec. 31. Domestic current and savings accounts ratio stood at 39.08% as on Dec. 31.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Ashish Shirke

 

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