Indian Bank Reports 23.69% Q1 Profit Surge on Strong Non-Interest Income

Speedy Summary

• Indian Bank’s Q1 net profit for FY 2025-2026 increased by 23.69% to ₹2,973 crore, compared to ₹2,403 crore in the same period last year.
• Net Interest Income rose marginally by 2.93% to ₹6,359 crore from ₹6,178 crore year-on-year.
• Net interest margin declined to 3.23%, compared to 3.44% in Q1 last year due to RBI repo rate cuts.
• Non-interest income grew by 27.94% to ₹2,439 crore from ₹1,906 crore last year during the same quarter.
• Total deposits increased by 9.26%, reaching ₹7,44,289 crore versus ₹6,81,183 crore a year earlier; gross advances rose by 11.50% to ₹6,01,147 crore from ₹5,39,123 crore previously recorded.
• RAM (Retail-Agriculture-MSME) advances grew substantially (15.93%) and stood at ₹3,63,221 crore compared with last year’s figure of ₹3,13