Indian Bank532814Quarterly results

Q2 FY27 release: net profit ₹3,462 Cr, up 14.71% YoY; GNPA improves to 1.61%

Q2 FY27 (Sep'26): Net Profit ₹3,462 Cr (+14.71% YoY) 📈 Total Business ₹15,96,018 Cr (+14.22%) 💰 Deposits ₹8,74,036 Cr (+12.50%) 🏦 Advances ₹7,21,982 Cr (+16.39%) ✅ GNPA 1.61%, NNPA 0.14% 🌱 H1FY27 Net Profit ₹6,735 Cr (+12.42%).

By ScoutQuest · Thu 15 Oct 2026, 2:13 PM IST · 3 min read

Net Profit Q2 FY27: ₹3,462 Cr (+14.71% YoY)
Total Business: ₹15,96,018 Cr (+14.22%)
GNPA / NNPA: 1.61%, 0.14%

Quarter ended Sep'26 (YoY)

Net Profit: ₹3,462 Cr, up 14.71% from ₹3,018 Cr in Sep'25
Operating Profit: ₹7,090 Cr, up 46.58% from ₹4,837 Cr
Net Interest Income: ₹7,719 Cr, up 17.83% from ₹6,551 Cr
Total Business: ₹15,96,018 Cr, up 14.22%
Total Deposits: ₹8,74,036 Cr, up 12.50%
Gross Advances: ₹7,21,982 Cr, up 16.39%

The release attributes the advance growth to traction in the Retail, Agriculture and MSME (RAM) portfolios. RAM advances grew 17.74% YoY to ₹4,42,302 Cr and formed 67.04% of gross domestic advances.

Asset quality

GNPA improved to 1.61% in Sep'26, from 2.60% in Sep'25 (down 99 bps) and from 1.86% in Jun'26 (down 25 bps)
NNPA at 0.14%, from 0.16% in Sep'25 and 0.15% in Jun'26
Provision Coverage Ratio (including TWO) stood at 98.22%
Slippage Ratio at 0.69% in Sep'26 against 0.79% in Sep'25
Capital Adequacy Ratio at 16.21%; CET-I at 15.18% and Tier I Capital at 15.18%

Deposits and margins

Domestic CASA ratio stood at 39.36% as on 30th Sep'26
Current, Savings & CASA deposits grew 27.48%, 11.55% and 13.77% YoY respectively
Bulk deposit (including CD) reduced 5.60% QoQ, from ₹1.62 lakh Cr in Jun'26 to ₹1.52 lakh Cr in Sep'26
Fresh FCNR(B) deposits mobilised amounting to ₹22486 Cr; OFCB of ₹3806 Cr raised
Cost of Deposit stood at 4.89%; Yield on Advances at 8.17%
Net Interest Margin (Domestic) stood at 3.42% for the quarter

Other income and returns

Non-interest income grew 59% YoY, reaching ₹3,953 Cr
Cost-to-income ratio improved 723 bps to 39.25% in Sep'26 from 44.80% in Jun'26; QoQ improvement stated as 555 bps
Return on Assets 1.31%; Return on Equity 19.65%
Earnings Per Share increased to ₹102.82 from ₹89.63
Fee based income grew 10.76% QoQ to ₹1030 Cr from ₹930 Cr

Half year ended Sep'26 (YoY)

Net Profit: ₹6,735 Cr, up 12.42% from ₹5,991 Cr in H1FY26
Operating Profit: ₹12,647 Cr, up 31.65% from ₹9,607 Cr
Net Interest Income: ₹15,154 Cr, up 17.38% from ₹12,910 Cr
Net Interest Margin (Domestic): 3.41%, a 6 bps improvement over the H1FY26 level of 3.35%
Return on Assets 1.31%; Return on Equity 19.57%
Credit Cost improved 5 bps YoY to 0.22% from 0.27%

Priority sector and digital

Priority sector advances were 48.67% of ANBC at ₹2,57,647 Cr, against a regulatory requirement of 40%
Digital adoption reached 96% of total transactions
Business of ₹1,45,344 Cr generated through digital channels in H1FY27; 164 digital journeys, utilities and processes launched, accounting for 19.31%

Network and users

6017 domestic branches (including 3 DBUs) — 2013 Rural, 1611 Semi-Urban, 1196 Urban and 1197 Metro; 3 overseas branches and 1 IBU (Gift City branch)
5678 ATMs & BNAs and 18,379 Business Correspondents
Mobile Banking users up 26% YoY to 2.66 Cr
UPI users up 20% to 2.89 Cr; Net Banking users up 2% to 1.20 Cr
Fastag & POS users up 135% & 50% respectively

The release also lists awards, including the "Best PSB Award 2024-25", an APY Annual Award of Excellence for achieving 104% of APY target in FY26, and recognition in the Best Public Sector Bank (Medium) class at ASSOCHAM, and restates the bank's stated focus on making daily banking simple, quick and accessible.

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