Indian Bank has informed the Exchange about Transcript
INDIANB · price
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Indian Bank reported its first-ever annual profit of Rs.10,918 crore, a 35.4% YoY jump, with total business crossing Rs.13.25 trillion. Q4 net profit stood at Rs.2,956 crore. Deposits grew 7.14% YoY to Rs.7.37 trillion, and advances grew 10.19% to Rs.5.88 trillion. Asset quality improved, with gross NPA at 3.09% and net NPA at 0.19%. The bank opened 55 lakh new savings accounts and 1.58 lakh current accounts during the year. For FY26, management guided for deposit growth of 8-10%, advance growth of 10-12%, RoA of 1.20%, and recovery of Rs.5,500-6,500 crore. Digital transactions reached 93% of total, and the bank aims to grow digital business to Rs.4 lakh crore in FY26 from Rs.2.67 lakh crore in FY25.
Shareholders view a record Rs.10,918 crore annual PAT, strong capital position (17.94%), and improved asset quality positively, but the lowered FY26 guidance on NIMs (3.15-3.30%) and RoA (1.20%) due to expected rate cuts may cap near-term upside in the stock.