Indian Bank Up By 0.30% As Q2 FY26 Net Profit Rises 11.5% to ₹3,018 Crore

Chennai, October 16: Indian Bank share price is witnessing positive investor demand today, on October 16. As of 2:20 PM, the shares are up by 0.30%, or 2.35 points, and are trading at ₹777.65. Until now, the shares have traded within a range of ₹805.40 and ₹764.70. The current traded volume stands at 2.24 lakh shares, with the company’s market cap at ₹1,04,430 crore. The shares have their 52-week high at ₹805.40 and their 52-week low at 474.05.

Indian Bank is a public sector bank owned by the government of India. The bank was established in 1907, and is headquartered in Chennai, Tamil Nadu. The shares of the company are listed on NSE with the ticker symbol INDIANB and on BSE with the code 532814.

Key Trigger: Net Profit Rises 11.5% to ₹3,018 Crore

For the second quarter of the financial year 2026, Indian Bank reported a net profit of ₹3,018 crore, an 11.49% increase from the same quarter last year. The bank’s interest income grew by 8.09% to ₹16,590 crore, while its Net Interest Income (NII) rose by 5.76% to ₹6,551 crore. A major contributor to the profit growth was a 32.7% year-on-year drop in provisioning (money set aside for bad loans). For the entire first half of the year, the bank’s net profit grew by 17.24% to ₹5,991 crore, also supported by a 39.35% reduction in provisioning for the six-month period.

Asset Quality Improves

During the quarter, Indian Bank saw significant asset quality improvement. The bank’s Gross NPA (Non-Performing Assets) ratio decreased to 2.60% from 3.48% a year ago. The Net NPA ratio also declined to 0.16% from 0.27% in the same period last year. Furthermore, the Provision Coverage Ratio (PCR) improved to 98.28%.

Total Business Growth of 12.34%

Indian Bank’s total business grew by 12.34% year-on-year to reach ₹13.97 lakh crore. This was supported by a 12.09% increase in deposits to ₹7.77 lakh crore and a 12.65% rise in advances (loans) to ₹6.20 lakh crore. The CASA ratio stood at 38.87%, while the Credit-Deposit ratio was 79.84%. The RAM segment (Retail, Agriculture, MSME), which grew by 15.57% to ₹3.76 lakh crore dominated the loan portfolio. Within this, Retail loans grew at 18.58%, driven mainly by strong demand for home loans and jewel loans.

REF: https://nsearchives.nseindia.com/corporate/INDIANB_16102025135309_SE_Presentation30092025.pdf

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