Indian Bank

Indian Bank fell for a fifth straight session today. The stock is quoting at Rs 854.35, down 0.27% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.02% on the day, quoting at 23436.3. The Sensex is at 74792.7, up 0.04%.Indian Bank has eased around 2.43% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has eased around 2.88% in last one month and is currently quoting at 8369.2, up 0.26% on the day. The volume in the stock stood at 8.46 lakh shares today, compared to the daily average of 10.13 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 859.05, down 0.24% on the day. Indian Bank jumped 22.78% in last one year as compared to a 6.28% slide in NIFTY and a 18.58% spurt in the Nifty PSU Bank index.The PE of the stock is 9.25 based on TTM earnings ending June 26.

Indian Bank informed the National Stock Exchange of India Limited and the BSE Limited that the United Forum of Bank Unions (U.F.B.U.), comprising seven unions including AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBOC and INBEF, has served notice of a strike planned for September 11, 2026, September 28-30, 2026, and a continuous strike from October 26, 2026, over various issues and demands.

Indian Bank announced that Shri Somesh Biswas has been nominated and appointed as a Part-time Non-Official Director on the Board of Directors by the Central Government, effective August 12, 2026, for a period of three years or until further orders.

Indian Bank informed the National Stock Exchange of India Limited and the BSE Limited that its Asset Liability Management Committee (ALCO) has revised the Treasury Bills Linked Lending Rates (TBLR) effective from August 3, 2026, with rates adjusted for tenors of less than or equal to 3 months at 5.30%, greater than 3 months and less than or equal to 6 months at 5.50%, greater than 6 months and less than or equal to 1 year at 5.65%, and greater than 1 year and less than or equal to 3 years at 5.65%; the Marginal Cost of funds based Lending Rate (MCLR), Base Rate, Benchmark Prime Lending Rate (BPLR), Policy Repo Rate and Repo Linked Benchmark Lending Rates (RBLR) remain unchanged.

Indian Bank announced changes in senior management personnel effective August 1, 2026, including Himanshu Kansal’s appointment as Chief General Manager - CMC & Recovery, from his previous role as General Manager, CMC & Recovery, and Deepak Gupta’s appointment as Chief General Manager - Corporate Credit & Mid Corporate Credit, from his previous role as Chief General Manager - CO: Corporate Credit, according to a regulatory filing.

Indian Bank informed the National Stock Exchange of India Limited and the BSE Limited that Satish Kumar, Chief General Manager - Corporate Credit and Mid Corporate Credit, stepped down from his role on July 31, 2026, upon superannuation, effectively ceasing to be a Senior Management Personnel of the bank as of August 1, 2026.

The bank's total income increased 10.69% to Rs 20,723.62 crore in Q1 FY27 from Rs 18,721.31 crore in Q1 FY26. Operating profit (profit before provisions and contingencies) stood at Rs 5,557.29 crore in Q1 FY27, up 16.49% from Rs 4,770.28 crore in Q1 FY26. Net interest income (NII) increased 16.92% year-on-year to Rs 7,435 crore in Q1 FY27, compared with Rs 6,359 crore in Q1 FY26. The bank's deposits increased 13.47% year-on-year to Rs 8,44,578 crore in Q1 FY27, compared with Rs 7,44,289 crore in Q1 FY26. As of 30 June 2026, current account deposits rose 26.33% year-on-year, while savings deposits and CASA deposits increased 13.54% and 15.30%, respectively. Gross advances rose 13.89% year-on-year to Rs 6,84,623 crore in Q1 FY27, compared with Rs 6,01,147 crore in Q1 FY26. RAM (Retail, Agriculture & MSME) advances increased 14.80% year-on-year to Rs 4,16,992 crore in Q1 FY27, compared with Rs 3,63,221 crore in Q1 FY26. RAM's contribution to gross domestic advances increased to 66%. Retail, agriculture and MSME advances grew 18.74%, 9.96% and 17.03% year-on-year, respectively, while home loans (including mortgages) increased 13.36%. On the asset quality front, gross non-performing assets (GNPA) improved by 115 basis points year-on-year to 1.86% in Q1 FY27 from 3.01% in Q1 FY26, while net NPA (NNPA) declined to 0.15% from 0.18%. Provision Coverage Ratio (PCR), including Technical Write-Offs (TWO), improved to 98.22% in Q1 FY27 from 98.20% in Q1 FY26. The slippage ratio declined to 0.77% in Q1 FY27 from 0.94% in Q1 FY26, while credit cost improved to 0.23% from 0.28% over the same period. The bank's Capital Adequacy Ratio stood at 17.58% in Q1 FY27, with CET-I and Tier-I capital at 16.51%. The bank's domestic network comprised 6,003 branches, including three Digital Banking Units (DBUs), as of Q1 FY27, along with three overseas branches and one IFSC Banking Unit (IBU) at GIFT City. It also operated 5,676 ATMs and BNAs and had 17,314 Business Correspondents (BCs). During Q1 FY27, the bank generated business worth Rs 67,327 crore through digital channels and launched 158 digital journeys, utilities and processes. Mobile banking users grew 22% year-on-year to 2.48 crore, while UPI and net banking users increased 21% and 3%, respectively, to 2.77 crore and 1.19 crore. FASTag and POS users rose 79% and 40%, respectively. The bank aims to strengthen its position as a preferred financial partner by addressing customers' end-to-end banking needs. Its strategy focuses on operational efficiency, disciplined portfolio management, and delivering simpler, faster and enhanced banking experiences through a customer-centric approach. Powered by Capital Market - Live

Net profit of Indian Bank rose 47.46% to Rs 3356.63 crore in the quarter ended June 2026 as against Rs 2276.37 crore during the previous quarter ended June 2025. Total Operating Income rose 11.11% to Rs 18095.14 crore in the quarter ended June 2026 as against Rs 16285.10 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Total Operating Income18095.1416285.10 11 OPM %67.1470.03 - PBDT4394.464101.36 7 PBT4394.464101.36 7 NP3356.632276.37 47 Powered by Capital Market - Live

Indian Bank will hold a meeting of the Board of Directors of the Company on 10 July 2026.

Indian Bank is up for a fifth straight session today. The stock is quoting at Rs 881.2, up 0.55% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 24117.25. The Sensex is at 77266.23, up 0.14%. Indian Bank has gained around 7.84% in last one month. Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has gained around 10.73% in last one month and is currently quoting at 8713.1, up 0.86% on the day. The volume in the stock stood at 6.29 lakh shares today, compared to the daily average of 38.92 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 879.6, up 0.45% on the day. Indian Bank is up 43.25% in last one year as compared to a 2.73% slide in NIFTY and a 30.49% slide in the Nifty PSU Bank index.The PE of the stock is 9.71 based on TTM earnings ending March 26.Powered by Capital Market - Live