Chennai, July 24, 2025: Indian Bank reported a 24% year-on-year surge in standalone net
profit to ₹2,973 crore for the first quarter of FY26, aided by sharply reduced provisions and
healthier asset quality . The state-run lender held an in-person press conference in Chennai on
Thursday, where top management detailed the performance and addressed questions from
attending journalists and analysts.
The bank’s total income for the quarter rose to ₹18,721 crore, up from ₹16,944 crore a year ago.
Operating profit reached ₹4,770 crore, growing 5.97% year-on-year, while gross NPA declined
to 3.01%, showing improved credit discipline and recoveries . The net NPA amount fell by nearly
49% to ₹1,035 crore.
At the press meet, MD & CEO Mr. Binod Kumar expressed confidence in maintaining asset
quality below 3% while targeting consistent profitability growth . He noted that the bank
sanctioned ₹27,000 crore in fresh loans during the quarter—up from ₹18,000 crore in Q4
FY25—and continued to focus on credit expansion in the MSME and agriculture sectors . The
CASA ratio dipped slightly to 38.97%, from 40.17% last quarter..
Joining Mr. Kumar at the dais were Executive Directors Mr. Ashutosh Choudhury, and Mr.
Brajesh Kumar Singh, each highlighting operational achievements and outlooks for the current
financial year . The team reaffirmed their guidance to keep recoveries from written-off accounts
above ₹2,000 crore for FY26, after recovering about ₹450 crore in Q1 alone.
A major highlight of the press meet was the bank’s aggressive physical expansion. As part of its
119th anniversary celebrations, Indian Bank has committed to opening 119 new branches
across the country during FY26. Of these, 57 branches have already been inaugurated, with 10
located in Tamil Nadu. A particularly notable addition is a dedicated Senior Citizens Branch in
Chennai’s Adyar area, designed with barrier-free access and assisted services for elderly
customers.
Mr. Kumar noted that the expansion reflects Indian Bank’s continued commitment to financial
inclusion and geographic reach, especially in Tier 2 and Tier 3 towns. Several of the newly
opened branches are situated in rural belts of Madhya Pradesh, Uttar Pradesh, Odisha, and
Maharashtra, with staffing drawn from the local communities.
In another customer-centric move, Indian Bank announced that minimum balance maintenance
charges have been fully waived across all savings accounts, effective July 7, 2025. The
decision, posted publicly on the bank’s social media and confirmed during the press event, is
expected to benefit students, small traders, and fixed-income groups .
Mr. Kumar further shared that the bank had lowered its 1-year MCLR by 5 basis points to
9.00%, aimed at easing borrowing costs for retail and MSME customers .
While the bank posted a strong standalone result, its consolidated net profit saw an 11.4% YoY
decline, primarily due to variance in subsidiary performance, as reported on its investor relations
portal .
The press meet was held alongside the bank’s regular investor disclosure updates, and a
recorded video of the event was later uploaded to Indian Bank’s official YouTube and Facebook
pages for wider public access . A detailed presentation and transcript were also made available
on the bank’s website.
