NSE: INDIANB · BSE: 532814
INDIAN BANK
A public sector commercial bank generating segment revenue from Retail Banking (40.2% of FY26 segment revenue), Corporate/Wholesale Banking (33.5%), Treasury Operations (24.0%) and Other Banking Operations (2.4%). Retail Banking serves individuals, MSMEs and agricultural borrowers with loans such as home, vehicle, personal, jewel and MSME advances, with RAM accounting for 66% of the loan book. Corporate/Wholesale Banking extends credit to larger companies and institutions, while Treasury Operations invests surplus funds in government and other bonds to earn interest and trading income. Other Banking Operations covers fee-based and ancillary banking services. In Q1 FY27, total business stood at Rs 15.28 lakh crore, gross advances at Rs 6.85 lakh crore and total deposits at Rs 8.45 lakh crore. Net Interest Margin was 3.29% (domestic 3.41%), Gross NPA was 1.86%, Net NPA 0.15% and Provision Coverage Ratio 98.22%. Capital adequacy was comfortable with CAR at 17.58% and CET1 at 16.51%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. RETAIL BANKING (40%), CORPORATE / WHOLESALE BANKING (34%), TREASURY OPERATIONS (24%), OTHER BANKING OPERATIONS (2%). Public sector commercial bank, asset-heavy, sensitive to interest rate cycles
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 4,142 | 5,572 | 8,419 | 11,261 | 11,704 |
| EPS, as reported (₹) | 33.99 | 44.74 | 66.03 | 83.61 | 86.89 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 28,750 | (27,894) | (8,617) | 17,396 | 18,815 |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 3,674 | 3,721 | 4,230 | 3,335 | 4,123 | 4,199 | 4,078 | 4,394 |
| Net profit | 2,740 | 2,876 | 2,961 | 2,219 | 3,041 | 3,086 | 3,115 | 3,299 |
| EPS (₹) | 20.79 | 21.60 | 22.14 | 16.90 | 23.07 | 23.36 | 23.56 | 24.92 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| STATE BANK OF INDIA | 8,83,184 | 10.3 | — | — | — | — | — | — |
| UNION BANK OF INDIA | 1,39,321 | 6.8 | — | — | — | — | — | — |
| PUNJAB NATIONAL BANK | 1,38,272 | 6.3 | — | — | — | — | — | — |
| BANK OF BARODA | 1,20,028 | 6.6 | — | — | — | — | — | — |
| INDIAN BANK ◆ | 1,12,592 | 8.8 | — | — | — | — | — | — |
| CANARA BANK | 1,06,898 | 5.4 | — | — | — | — | — | — |
| BANK OF MAHARASHTRA | 61,456 | 8.2 | — | — | — | — | — | — |
| BANK OF INDIA | 60,515 | 5.1 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.8 | 7.5 | 8 of 12 | 36% |
| Profit growth | 48.7 | 28.3 | 5 of 12 | 64% |
| Market cap | 112592 | 84177 | 5 of 12 | 64% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Indian Bank confirms annual interest payment on infrastructure bonds | compliance | minimal | — | — |
| 24 Oct 2026 · Indian Bank appoints government nominee director Manasa Gangotri Kata | management changes | medium | — | — |
| 23 Oct 2026 · Manasa Gangotri Kata replaces Samir Kumar on Indian Bank board | management changes | medium | — | — |
| 22 Oct 2026 · Indian Bank raises rates on 555-day and 777-day special deposits | business updates | low | — | — |
| 21 Oct 2026 · Indian Bank raises FY27 growth targets and expects higher margins | investor communications | medium | — | — |
| 15 Oct 2026 · Audio/Video Recording of Post Earnings Concall Now Available on Bank Website | investor communications | low | — | — |
| 15 Oct 2026 · RBI inspection finds lower capital ratios at Indian Bank | compliance | minimal | — | — |
| 15 Oct 2026 · Indian Bank Q2FY27: Net Profit rises 15% YoY, asset quality improves | investor communications | medium | — | — |
| 15 Oct 2026 · Indian Bank Q2 FY27: Net Profit up 14.71% YoY to Rs 3,462 Cr | results | high | — | — |
| 15 Oct 2026 · Indian Bank Q2 FY27 results: net profit up 15% YoY, plans Rs 7,000 Cr bond raise | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.