Indian Bank Q2 FY27 Net Profit Up 14.71% YoY to ₹3,462 Crore
Indian Bank reported Q2 FY27 net profit of ₹3,462 crore, up 14.71% YoY. Gross advances grew 16.39% to ₹7.22 lakh crore and deposits rose 12.50% to ₹8.74 lakh crore. Operating profit increased 46.58% YoY. For H1 FY27, net profit was ₹6,735 crore, up 12.42% YoY.
The announcement details significant financial performance improvements across key metrics like profit, advances, and deposits, which are material to investors and stakeholders.
The bank reported strong year-on-year growth in net profit, operating profit, advances, and deposits, along with an improvement in asset quality and a reduction in the cost-to-income ratio, indicating positive financial performance.
Indian Bank announced its unaudited (reviewed) financial results for the second quarter and half-year of FY 2026-27, ending September 30, 2026. The bank reported a significant 14.71% year-on-year (YoY) growth in net profit, reaching ₹3,462 crore for the quarter, compared to ₹3,018 crore in the same period last year. This growth was driven by improved operational efficiency, a steady Net Interest Margin (NIM), and disciplined cost management.
Total business for the bank increased by 14.22% YoY. Gross advances grew by 16.39% YoY to ₹7,21,982 crore, with strong traction in Retail, Agriculture, and MSME (RAM) portfolios, which collectively grew by 17.74% YoY. Deposits rose by 12.50% YoY to ₹8,74,036 crore, supported by a healthy CASA ratio of 39.36%. The bank also strategically reduced its bulk deposits by 5.60% on a quarter-on-quarter (QoQ) basis.
The bank's operating profit saw a substantial increase of 46.58% YoY to ₹7,090 crore. Non-Interest Income (NII) registered a strong growth of 59% YoY, reaching ₹3,953 crore. The cost-to-income ratio improved by 723 basis points to 39.25% in September 2026. Asset quality further strengthened, with Gross Non-Performing Assets (GNPA) improving to 1.61% and Net Non-Performing Assets (NNPA) to 0.14%.
For the half-year ended September 2026, net profit increased by 12.42% YoY to ₹6,735 crore. Operating profit grew by 31.65% YoY to ₹12,647 crore, and Net Interest Income (NII) was up by 17.38% YoY to ₹15,154 crore. The bank's network comprises 6,017 domestic branches and 5,678 ATMs. Digital channels contributed significantly, with business generated at ₹1,45,344 crore in H1 FY27, and mobile banking users growing by 26% YoY to 2.66 crore.
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Indian Bank filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Indian Bank. Read the original for the full detail.