State-owned Indian Bank on Thursday posted a 24% rise in net profit to ₹2,973 crore in the first quarter of the current financial year.
The Chennai-based lender had earned a net profit of ₹2,403 crore in the same quarter of the previous fiscal year.
The total income rose to ₹18,721 crore during the June quarter of 2025-26 from ₹16,945 crore in the same period of FY25, Indian Bank said in a regulatory filing.
Interest earned by the bank surged to ₹16,283 crore compared to ₹15,039 crore in the June quarter FY25.
During the period under review, its operating profit increased to ₹4,770 crore from ₹4,502 crore in the same quarter a year ago.
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.01% of gross advances at the end of the June quarter from 3.77% a year ago.
Similarly, net NPAs, or bad loans, declined to 0.18%, against 0.39% in the year-ago period.
As a result, provisions and contingencies significantly declined to ₹691 crore during the first quarter from ₹1,258 crore a year ago.
Provision Coverage Ratio (PCR) improved to 98.2% from 96.66%
At the same time, Return on Assets (ROA) improved to 1.34% for June 2025 against 1.20% in June 2024.
Capital adequacy ratio of the bank rose to 17.80% from 16.47% in the same quarter of FY25.
