Indian Bank(INDIANB)

NSE: INDIANBBSE: 532814

₹ 837.95-1.53%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1.13 L crWebsite: www.indianbank.in/Updated: 24 Oct 2026

About

Indian Bank is a public sector bank, 73.84% held by the Government of India as promoter as of FY26. It offers retail, corporate/wholesale, treasury and other banking services through 6001 domestic branches as on 31.03.26, plus foreign branches at Singapore, Colombo and Jaffna and an IFSC Banking Unit at GIFT City. It reported revenue of ₹67,504.09 crore in FY26, and its global business grew 12.8% to ₹14,94,839 crore that year. Retail banking was its largest segment at 41.1% of revenue in FY26.^[1][2][3]

Business segments

Retail Banking contributed 41.1% of revenue (₹32,213.67 crore) in FY26, the largest segment.^[3]
Corporate/Wholesale Banking contributed 31.9% of revenue (₹25,027.09 crore) in FY26.^[3]
Treasury Operations contributed 23.9% of revenue (₹18,739.55 crore) in FY26.^[3]
Other Banking Operations contributed 3.0% of revenue (₹2,352.39 crore) in FY26.^[3]

Loan book and deposits

Advances grew 16.39% YoY to ₹7.22 lakh cr in Q2 FY27, while deposits grew 12.50%; the CD ratio rose to 82.60% from 79.84% a year earlier.^[4]
RAM (retail, agriculture and MSME) advances reached ₹4.42 lakh cr in Q2 FY27; retail grew 17.37% YoY and agriculture 17.18% YoY.^[4]
RAM made up 66% of the overall loan book in Q1 FY27, against a 65:35 RAM-to-corporate target.^[5]
Overseas advances rose 32.88% YoY and 17.70% QoQ in Q2 FY27.^[4]
Domestic CASA ratio was 39.36% in Q2 FY27, vs 39.73% in Q1 FY27.^[4][5]
The MSME loan book stood at ₹1,09,580 Crore at 31.03.26, covering 10.95 lakh MSME units.^[1]
Jewel loans reached ₹1.27 lakh crore in FY26, about 16-17% of the book; non-priority jewel loans grew 91% and auto loans 40% in FY26.^[6]
NRI deposits reached ₹17,687 Crore at 31.03.26 from ₹14,463 Crore, up 22.29% YoY.^[1]

Asset quality

Gross NPA was 1.61% in Q2 FY27 vs 2.60% a year earlier and 1.86% in Q1 FY27; net NPA was 0.14%.^[4]
Provision coverage ratio including technical write-off was 98.22% in Q2 FY27.^[4]
Slippage ratio was 0.69% in Q2 FY27 vs 0.77% in Q1 FY27.^[4][5]
MSME NPA fell from 7.93% (₹7,470 Crore) at 31.03.25 to 4.06% at end of FY26.^[1]
FY26 recovery was ₹6,651 crore against guidance of ₹5,500-6,500 crore.^[6]

Key operating numbers

NIM was 3.31% and domestic NIM 3.42% in Q2 FY27, vs 3.29% and 3.41% in Q1 FY27.^[4][5]
Credit cost was 0.22% in Q2 FY27 vs 0.23% in Q1 FY27 and 0.31% for FY26.^[4][5]
CRAR was 16.21% in Q2 FY27, vs 17.58% in Q1 FY27.^[4][5]
Cost-to-income ratio was 39.25% in Q2 FY27 vs 44.80% in Q1 FY27.^[4][5]
Return on assets was 1.31% in Q2 FY27, the same as for FY26.^[4][6]
NII grew 17.83% YoY and fee income 24.16% in Q2 FY27.^[4]

Branches, reach and customers

The 6001 domestic branches at 31.03.26 comprised 2011 rural, 1605 semi-urban, 1195 urban and 1190 metropolitan branches.^[1]
Gross advances of foreign branches (Singapore, Colombo, Jaffna) including the GIFT City IBU were ₹49,628 Crore at 31.03.26.^[1]
First bank to fund self-help groups, in 1989; SHG credit outstanding was ₹22,748 Crore covering 5.03 lakh SHGs as of FY26.^[1]
Holds 28.52% of general insurance JV Universal Sompo General Insurance at 31.03.26; subsidiary Indbank Merchant Banking Services offers broking, depository and fund distribution.^[1]

Digital banking

Digital business was ₹2.72 lakh Crore in FY26 vs ₹1.67 lakh Crore in FY25, through 153 digital journeys.^[1]
Digital business was ₹67,327 crore in Q1 FY27.^[5]
Mobile banking customers reached 2.36 crore as of FY26.^[6]
The bank is ISO 27001:2022 certified for information security as of FY26.^[1]

Expansion and IT investment

FY27 IT budget (capex plus opex) guided at about ₹3,000 crore, with ₹750 crore for AI and cyber resilience.^[5]
Targets raising USD 1.5-2.0 billion via FCNR(B) deposits and ECBs in FY27; USD 150 million FCNR(B) raised as of the Q1 FY27 call.^[5]
Targets total digital business above ₹25 lakh crore by December 2029, doubling from the December 2024 base.^[7]

Recent developments

Non-interest income grew 58.95% YoY in Q2 FY27, driven by a ₹1,123 cr revaluation gain on investments.^[4]
Made an ECL floating provision of ₹1,000 crore in Q1 FY27, with a further ₹500-1,000 crore planned for the rest of FY27.^[5]
Shed about ₹6,000 crore of thinly priced loans in Q1 FY27 and avoided costly bulk deposits.^[5]
Issued ₹23,100 crore of IBPCs in FY26, its first IBPC issuance in ten years.^[1]

Market Cap

₹1,12,869 Cr

High / Low

₹1,000 / 764

Stock P/E

8.5

Price / Book

1.3

Book Value

₹584

EPS

₹86.9

No. of Shares

134.7 Cr

ROE

15.4%

Sales

₹67,504 Cr

Net Profit

₹11,707 Cr

Promoter holding

73.8%

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Indian Bank(INDIANB)

About

Business segments

Loan book and deposits

Asset quality

Key operating numbers

Branches, reach and customers

Digital banking

Expansion and IT investment

Recent developments

Signal history

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