Noida, Oct 15 (APAC Media): Indian Bank on Thursday reported a 14.71 per cent year-on-year increase in consolidated net profit to Rs 3,462 crore in the September quarter of FY27, compared with Rs 3,018 crore in the corresponding quarter of the previous fiscal year, the bank said in a regulatory filing.
Indian Bank’s net interest income (NII) rose 17.83 per cent year-on-year to Rs 7,719 crore in the September quarter of FY27, compared with Rs 6,551 crore in the year-ago period.
Indian Bank’s return on assets (RoA) stood at 1.31 per cent, while return on equity (RoE) was 19.65 per cent in the September quarter of FY27.
Indian Bank’s total deposits rose 12.50 per cent year-on-year to Rs 874,036 crore in September 2026, compared with Rs 776,946 crore in the year-ago period, the bank said on Thursday.
Current deposits grew 27.48 per cent year-on-year, while savings deposits and total CASA deposits increased by 11.55 per cent and 13.77 per cent, respectively. Earnings per share (EPS) rose to Rs 102.82 in September 2026 from Rs 89.63 a year earlier.
The bank’s total business expanded 14.22 per cent year-on-year, reflecting broad-based growth across segments. Gross advances increased 16.39 per cent, driven by strong growth in the retail, agriculture and MSME (RAM) portfolios.
Deposits grew 12.50 per cent, supported by a healthy current account and savings account (CASA) ratio of 39.36 per cent. The bank also reduced its bulk deposits, including certificates of deposit (CDs), by 5.60 per cent sequentially to Rs 1.52 lakh crore in September 2026 from Rs 1.62 lakh crore in June 2026.
Indian Bank mobilised fresh foreign currency non-resident bank (FCNR(B)) deposits worth Rs 22,486 crore and raised overseas foreign currency bonds (OFCBs) worth Rs 3,806 crore.
The bank’s consolidated net profit rose 14.71 per cent year-on-year to Rs 3,462 crore in the September quarter of FY27, compared with Rs 3,018 crore in the corresponding quarter of the previous fiscal.
Operating profit grew 46.58 per cent year-on-year, while non-interest income increased 59 per cent to Rs 3,953 crore during the quarter ended September 2026. The cost-to-income ratio improved to 39.25 per cent in September 2026 from 44.80 per cent in June 2026, a reduction of 555 basis points.
The bank’s net interest income (NII) increased 17.83 per cent year-on-year to Rs 7,719 crore in the September quarter, compared with Rs 6,551 crore a year earlier. Return on assets (RoA) stood at 1.31 per cent, while return on equity (RoE) was 19.65 per cent.
Indian Bank had 6,017 domestic branches, including three digital banking units (DBUs). Of these, 2,013 were in rural areas, 1,611 in semi-urban areas, 1,196 in urban areas and 1,197 in metropolitan areas. The bank also operated three overseas branches and one branch at the International Banking Unit (IBU) in GIFT City.
Its distribution network included 5,678 automated teller machines (ATMs) and cash recyclers, or banking network access points (BNAs), along with 18,379 business correspondents (BCs).
On the digital banking front, the bank generated business worth Rs 1,45,344 crore through digital channels in the first half of FY27. It has launched 164 digital journeys, utilities and processes, which accounted for 19.31 per cent, according to the bank’s disclosure.
The number of mobile banking users increased 26 per cent year-on-year to 2.66 crore. Unified Payments Interface (UPI) users rose 20 per cent to 2.89 crore, while net banking users grew 2 per cent to 1.20 crore. FASTag and point-of-sale (POS) users increased 135 per cent and 50 per cent, respectively.
-ENDS–
Disclaimer: This article is for informational purposes only and is based on publicly available information. APAC Media is not responsible for investment decisions or losses. Please conduct your own research or consult a financial adviser before investing.
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