Indian Bank532814Banking
Indian Bank reported Q2 results with improved asset quality but higher provisions due to proactive ECL provisioning, and management revised growth guidance
By ScoutQuest · · 1 min read
- Domestic NIM
- 3.42 percent
- Cost of deposits
- 4.89 percent
- Revised deposit growth guidance
- 11 to 12 percent
- Revised advances growth guidance
- 13 to 14 percent
- Gross NPA
- 1.61 percent
Heard on business television between 10:12:16 - 10:15:16 IST.
- Domestic NIMs stood at 3.42% in Q2 while cost of deposits rose to 4.89%.
- MD & CEO Vinod Kumar revised deposit growth guidance to 11-12% (from 9-11%) and advances growth guidance to 13-14% (from 11-13%).
- Gross NPA improved to 1.61% with net NPA also improving, but quarterly provisions rose due to ECL provisioning.
- Total ECL provision requirement estimated at Rs 3,500 crore; Rs 1,000 crore provisioned in Q1 and Rs 1,500 crore in Q2, totaling Rs 2,500 crore.
- Credit cost stood at 0.22% and is expected to remain in a similar range (2.22-2.23 range mentioned); management aims to complete the Rs 3,500 crore ECL provisioning by March.
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Source: Live TV News Channel · 16 Oct 2026
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