Copy of Annual Report of the Bank for FY 2024-25
Awaiting price reaction for this filing.
Indian Bank has submitted its Annual Report for FY 2024-25 to the stock exchanges. The bank posted a record-high net profit of ₹10,918 crore, up 35% year-on-year, with operating profit rising 13% to ₹18,998 crore and net interest income growing 8% to ₹25,176 crore. Total business crossed ₹13.25 lakh crore (up 8.5%), driven by deposits of ₹7.37 lakh crore (up 7%) and gross advances of ₹5.88 lakh crore (up 10%). Asset quality improved sharply with gross NPA falling to 3.09% and net NPA reaching a record low of 0.19%, while provision coverage ratio rose to 98.10%. The board has recommended a dividend of ₹16.25 per share, and the bank raised ₹10,000 crore via long-term infrastructure bonds during the year.
Strong earnings growth, improving asset quality, and a higher dividend are positive signals for shareholders. The record-low net NPA and robust capital adequacy ratio of 17.94% suggest continued financial strength, though slight compression in net interest margin from 3.47% to 3.41% indicates some pressure on lending spreads.