'Indian Bank has reported 24% growth
in net profit at Rs 2972.82 crore for the quarter ended June 2025 (Q1FY2026). The
bank has posted 3% growth in net interest income (NII), while the core fee
income of the bank was flat in Q1FY2026. The Net Interest Margin (NIM) of the
bank declined to 3.23% in Q1FY2026 compared to 3.44% in the corresponding
quarter of previous year.
On business front, the bank as has posted 10% growth
in business with strong 12% surge in loan book. The asset quality of the bank
was strong in Q1FY2026. Bank has substantially improved the credit to deposit
ratio to 80.8% at end June 2025 from 79.1% at end June 2024. However, the CASA
ratio of the bank has declined to 37.2% at end June 2025 from 39.0% at end June
2024.
Asset quality remains strong: The bank has maintained strong asset quality in
Q1FY2026.
The fresh slippages of loans stood at Rs 1375 crore
in Q1FY2026 compared with 1431 crore in previous quarter and Rs 1956...
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