Indian Bank posts 15% profit growth on strong income expansion

Indian Bank announced consolidated financial results for the quarter ended September 30, 2026, showcasing sustained profitability gains amid expanding business operations. The bank's net profit climbed to ₹3,462 crore from ₹3,018 crore in the corresponding quarter of the previous fiscal year, reflecting improved operational efficiency and credit growth.

Total income surged 21 per cent year-on-year to ₹23,059 crore, up from ₹19,077 crore in the September quarter of FY26. Interest income, the primary revenue driver for the lender, expanded to ₹19,106 crore compared to ₹16,590 crore in the year-ago period. Operating profit showed even stronger growth, nearly 47 per cent higher at ₹7,090 crore against ₹4,837 crore recorded twelve months earlier.

The lender demonstrated marked improvement in asset quality during the quarter. Gross non-performing assets moderated substantially to 1.61 per cent of gross advances as of September 2026, a considerable decline from 2.6 per cent a year prior. Net NPAs or bad loans further improved to 0.14 per cent from 0.16 per cent in the year-ago quarter, indicating strengthened credit risk management and portfolio quality enhancement.