Indian Bank Q1 business update: Lender reports 13.3% growth in deposits, advances rise 13.9%

Indian Bank reported a 13.6 percent year-on-year rise in total business to about 15.28 lakh crore for Q1FY27, driven by a 13.3 percent jump in deposits to 8.43 lakh crore and a 13.9 percent growth in gross advances to 6.85 lakh crore. The retail, agriculture and MSME portfolio grew 14.8 percent to 4.17 lakh crore, while CASA ratio remained stable at 39.64 percent. The bank's GNPA ratio improved sharply by 111 basis points to 1.98 percent and NNPA ratio fell to 0.15 percent, though provisions rose sharply to 1,228 crore partly due to geopolitical tensions in West Asia.