Indian Bank reported strong financial performance for Q1 FY2026-27, with total business growing 13.66% YoY. The bank achieved net profit of ₱3,273 Cr in June 2026, marking a 10.09% increase from the previous year. Operating profit improved 16.50% to ₱5,557 Cr, while net interest income rose 16.92% to ₱7,435 Cr, reflecting strong operational efficiency.
Gross advances increased 13.89% to ₱6,846.23 Cr, while total deposits grew 13.47% to ₱8,445.78 Cr. CASA share reached 39.73%, with domestic Net Interest Margin improving to 3.41% in June 2026 from 3.35% in June 2025. Cost to Income Ratio reduced to 44.80%, and Cost of Deposits decreased to 4.80% from 5.14% YoY.
The bank maintained resilient asset quality with GNPA ratio declining to 1.86% in June 2026. Digital transaction share stood at 95%, while mobile banking users grew 22% YoY to reach 2.48 Cr. UPI users increased 21% to 2.77 Cr, and Net Banking users grew 3% to 1.19 Cr, demonstrating strong digital adoption.
Indian Bank continues to expand its network with 6,003 domestic branches, 5,676 ATMs/BNAs, and 17,314 Business Correspondents. The bank received prestigious awards including "Best PSB Award 2024-25" by Financial Express and "Golden Peacock Award for Excellence in Artificial Intelligence" for 2026, recognizing its innovative approach to banking services.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.