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State-owned Indian Bank reported a 36% rise in profit for the second quarter ending September 2024, reaching ₹2,707 crore, compared to ₹1,988 crore in the same period last year. Click here to check Net Profit of all Banks for September 2024 Quarter.
Financial Performance
- Total Income: Increased to ₹17,770 crore in Q2 FY25 from ₹15,736 crore in Q2 FY24, as disclosed in the regulatory filing.
- Interest Income: Rose to ₹15,348 crore during the quarter, up from ₹13,743 crore a year earlier.
- Net Interest Income (NII): Improved by 8%, standing at ₹6,194 crore compared to ₹5,741 crore in Q2 FY24.
Asset Quality
Indian Bank reported a strengthened asset quality:
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- Gross Non-Performing Assets (NPAs): Declined to 3.48% of gross loans by September 2024, down from 4.97% in the same quarter last year.
- Net NPAs: Dropped to 0.27% from 0.60% year-on-year.
Additional Financial Metrics
- Provision Coverage Ratio (PCR): Increased to 97.60% from 95.64% in September 2023.
- Capital Adequacy Ratio (CAR): Improved by 102 basis points, reaching 16.55% from 15.53% at the end of Q2 FY24.
Indian Bank’s results indicate a solid financial position, with rising profits, stronger asset quality, and improved capital adequacy. Click here to check Net Profit of all Banks for September 2024 Quarter.
Half-Yearly Financial Results 2024-25
- Reviewed Financial Results-Consolidated
- Reviewed Financial Results-Standalone
- Segment Wise Results -Consolidated
- Segment Wise Results -Standalone
- Statement of Asset and Liabilities- Consolidated
- Statement of Asset and Liabilities- Standalone
- Cash flow Statement- Consolidated
- Cash flow Statement- Standalone
- Notes forming part of Reviewed Financial Results for September 2024
- Presentation September 2024
- Press Release September 2024
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