Indian Bank reported net profit of ₹3,462.24 crore for the quarter ended 30 September 2026, up 14.7% from ₹3,018.22 crore a year earlier, according to PSU Connect. The bank's board approved the results on 15 October 2026. Profit for the half-year was ₹6,735.33 crore, up 12.4% from ₹5,991.04 crore.
Income and operating profit
Total income for the quarter was ₹23,058.62 crore. Operating profit was ₹7,090.04 crore, compared with ₹4,836.51 crore a year earlier. For the half-year, operating profit was ₹12,647.33 crore, against ₹9,606.79 crore in the first half of the previous year. The report does not give net interest income, net interest margin, provisions or a dividend.
Asset quality
Gross non-performing assets fell to 1.61% of advances, or ₹11,612.52 crore, from 2.60% a year earlier. Net NPAs were 0.14%, or ₹982.90 crore, against 0.16% a year earlier.
Capital
The capital adequacy ratio under Basel III was 16.21%, and the Common Equity Tier-1 ratio was 15.18%.
Fundraising approved
The board approved raising up to ₹5,000 crore through long-term infrastructure bonds. It also approved up to ₹2,000 crore through Basel III compliant AT-1 or Tier-2 bonds. The report says both are fundraising other than through equity, and gives no timeline for either.
Key numbers
- Net profit: ₹3,462.24 cr (+14.7% YoY)
- Operating profit: ₹7,090.04 cr (vs ₹4,836.51 cr)
- Gross NPA: 1.61% (From 2.60%)
- CRAR: 16.21% (CET-1 15.18%)
What boards and CFOs should note
Three points stand out for finance teams. First, operating profit rose faster than net profit, by about 47% for the quarter on the report's figures against 14.7%, and the report does not explain the gap. Second, gross NPAs fell by 0.99 percentage points on the year to 1.61%, while net NPAs moved only from 0.16% to 0.14%. Third, the approved bond issues total up to ₹7,000 crore, with capital adequacy already at 16.21%.
Source: PSU Connect, October 2026. This is a summary of a news report, published as general information. It is not legal, tax or investment advice.
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