Business Performance Highlights (Q1FY27 YoY)

Business Snapshot (₹ in Crore):

  • Total Business: Increased by 13.67% to ₹15,29,201 Cr from ₹13,45,436 Cr (Domestic: ₹14,34,953 Cr, Overseas: ₹94,248 Cr)
  • Total Deposits: Increased by 13.47% to ₹8,44,578 Cr from ₹7,44,289 Cr
  • Domestic Deposits: ₹8,03,163 Cr
  • Overseas Deposits: ₹41,415 Cr
  • CASA: ₹3,19,525 Cr (Domestic CASA ratio at 39.73%)
  • Term Deposits: ₹5,25,053 Cr
  • Total Advances: Increased by 13.89% to ₹6,84,623 Cr from ₹6,01,147 Cr
  • Domestic Advances: ₹6,31,790 Cr (13.66% growth)
  • Overseas Advances: ₹52,833 Cr
  • Credit-Deposit Ratio: 81.06%

Sector-wise Domestic Advances (₹ in Crore):

  • Retail Advances: ₹1,46,827 Cr (18.74% YoY growth)
  • Mortgage: ₹16,409 Cr
  • Auto Loan: ₹6,176 Cr
  • Personal Loan: ₹21,284 Cr
  • Jewel Loan: Not quantified in disclosure
  • Agriculture Advances: ₹1,58,512 Cr (9.96% YoY growth)
  • Crop Loans: ₹1,21,261 Cr
  • SHG: ₹17,546 Cr
  • Agri Allied & Investment: ₹19,705 Cr
  • MSME Advances: ₹1,11,653 Cr (17.03% YoY growth)
  • Micro: ₹61,385 Cr
  • Small: ₹34,672 Cr
  • Medium: ₹15,596 Cr
  • Corporate Advances: ₹2,14,798 Cr (11.49% YoY growth)
  • RAM (Retail, Agri, MSME) % to Gross Domestic Advances: 66.00%

Priority Sector Lending (as on 30.06.2026):

  • Priority Sector Achievement: ₹2,36,720 Cr (36.45% of ANBC)
  • Agriculture: ₹1,11,897 Cr (21.44% of ANBC)
  • Weaker Sections: ₹69,390 Cr (13.30% of ANBC)
  • Surpassed all mandatory RBI targets for Priority Sector advances

Digital Initiatives:

  • ₹466.52 Cr of IND MSME Digi loans disbursed to 1,731 beneficiaries cumulatively till 30.06.2026

Financial Performance (Q1FY27)

Income Statement (₹ in Crore):

  • Interest Income: ₹18,090 Cr (10.11% YoY growth)
  • Interest on Advances: ₹13,123 Cr
  • Interest on Investments: ₹4,222 Cr
  • Other Interest Income: ₹745 Cr
  • Interest Expenses: ₹10,655 Cr (7.37% YoY growth)
  • Interest on deposits: ₹9,759 Cr
  • Interest on borrowings: ₹216 Cr
  • Other interest expenses: ₹680 Cr
  • Net Interest Income (NII): ₹7,435 Cr (16.92% YoY growth)
  • Non-Interest Income: ₹2,633 Cr (7.97% YoY growth)
  • Profit/Loss on Sale of Investments: ₹117 Cr
  • Recovery of bad debts: ₹763 Cr
  • Fee Income: ₹930 Cr
  • Forex Income: ₹281 Cr
  • PSLC Commission: ₹276 Cr
  • Operating Income: ₹10,068 Cr (14.44% YoY growth)
  • Operating Expenses: ₹4,511 Cr (11.99% YoY growth)
  • Staff Expenses: ₹3,071 Cr
  • Overheads: ₹1,440 Cr
  • Operating Profit: ₹5,557 Cr (16.50% YoY growth)
  • Provisions (excl Taxes): ₹1,196 Cr (73.04% YoY growth)
  • NPA Advances: ₹376 Cr
  • Standard advances: ₹733 Cr
  • Profit Before Taxes: ₹4,361 Cr (6.91% YoY growth)
  • Provision for Taxes: ₹1,088 Cr
  • Net Profit: ₹3,273 Cr (10.09% YoY growth)

Key Performance Ratios (Annualized %):

  • Cost of Deposits: 4.80%
  • Cost of Funds: 4.83%
  • Yield on Advances: 8.09%
  • Yield on Investments: 6.96%
  • Net Interest Margin (NIM): 3.29%
  • Domestic NIM: 3.41%
  • Cost to Income Ratio: 44.80%
  • Return on Assets (RoA): 1.31%
  • Return on Average Networth (RoE): 19.48%
  • Earnings Per Share (₹): 97.20
  • Book Value Per Share (₹): 510.72

Balance Sheet Position (as on 30.06.2026)

Liabilities (₹ in Crore):

  • Capital: ₹1,347 Cr
  • Reserves & Surplus: ₹80,723 Cr
  • Deposits: ₹8,44,578 Cr
  • Borrowings: ₹48,147 Cr
  • Other Liabilities & Provisions: ₹32,159 Cr
  • Total Liabilities: ₹10,06,954 Cr

Assets (₹ in Crore):

  • Bal with banks & call at money: ₹28,056 Cr
  • Investments: ₹2,48,487 Cr
  • SLR Investments: ₹2,00,006 Cr
  • Non-SLR Investments: ₹45,327 Cr
  • Advances: ₹6,72,903 Cr
  • Fixed Assets: ₹8,565 Cr
  • Other Assets: ₹17,147 Cr
  • Total Assets: ₹10,06,954 Cr

Capital & Risk Management

Capital Adequacy (₹ in Crore):

  • Common Equity Tier I (CET I): ₹74,319 Cr
  • Tier II: ₹4,802 Cr
  • Total Capital: ₹79,121 Cr
  • Total Risk Weighted Assets: ₹4,50,043 Cr
  • CRAR: 17.58%

Risk Weighted Assets Breakdown (₹ in Crore):

  • Credit RWA: ₹3,84,152 Cr (Density: 56.11%)
  • Retail: ₹82,090 Cr (Density: 55.91%)
  • Agriculture: ₹38,028 Cr (Density: 23.99%)
  • MSME: ₹77,350 Cr (Density: 69.28%)
  • Market RWA: ₹6,401 Cr (Density: 44.97%)
  • Operational RWA: ₹59,491 Cr

Asset Quality

NPA Movement (₹ in Crore):

  • Gross NPA:
  • Opening Balance: ₹13,190 Cr
  • Fresh Slippages: ₹990 Cr
  • Additions: ₹1,300 Cr
  • Reductions: ₹1,780 Cr (Cash Recovery & Upgradation: ₹936 Cr, Technical Write-off: ₹749 Cr)
  • Closing Balance: ₹12,710 Cr
  • Gross NPA %: 1.86% (down from 3.01% YoY)
  • Net NPA: ₹990 Cr
  • Net NPA %: 0.15% (down from 0.18% YoY)
  • Provisions: ₹11,555 Cr
  • PCR %: 98.22% (including Technical Write-off), 92.21% (excluding Technical Write-off)
  • Slippage Ratio (Annualized): 0.77%
  • Credit Cost (Annualized): 0.23%

Sector-wise NPA (as on 30.06.2026):

  • Retail: ₹894 Cr (0.61% of portfolio)
  • Agriculture: ₹7,131 Cr (4.50% of portfolio)
  • MSME: ₹3,980 Cr (3.56% of portfolio)
  • Corporate & Overseas: ₹706 Cr (0.26% of portfolio)
  • Total: ₹12,710 Cr (1.86% of portfolio)

Special Mention Accounts (SMA) ₹5 Cr and above:

  • Total SMA: ₹1,715 Cr (0.26% of Standard Advances)
  • SMA-1: ₹603 Cr
  • SMA-2: ₹1,112 Cr

Subsidiaries & Associates

IndiaFirst Life Insurance Company Ltd (28.52% stake):

  • Gross Direct Premium: ₹1,751 Cr (34% YoY growth)
  • Net Profit After Tax: ₹59 Cr (5% YoY growth)
  • Net worth: ₹1,916 Cr

Indian Bank Housing Finance Ltd (64.84% stake):

  • Operating Profit: ₹323 lakh (10% YoY growth)
  • Net Profit: ₹237 lakh (13% YoY growth)
  • Stock Broking Income: ₹358 lakh

Indian Bank Financial Services Ltd (Wholly Owned Subsidiary):

  • Net Profit (Q1FY27): ₹14.58 lakh

Regional Rural Banks:

  • Tamil Nadu Grama Bank:
  • Business: ₹59,149 Cr
  • Net Profit: ₹145 Cr
  • Gross NPA %: 0.56%
  • CRAR: 13.55%
  • Puducherry Grama Bank:
  • Business: ₹4,141 Cr
  • Net Profit: ₹4.0 Cr
  • Gross NPA %: 0.61%
  • CRAR: 11.97%

Guidance for FY27

  • Deposits Growth: 9-11%
  • Advances Growth: 11-13%
  • Domestic CASA Ratio: ~40%
  • Credit-Deposit Ratio: ~80%
  • Gross NPA %: 1.50-1.60%
  • Net NPA %: 0.15-0.20%
  • Recovery: ₹4,500-5,500 Cr
  • AUC Recovery: ₹1,200-1,500 Cr
  • NIM: 3.10-3.25%
  • RoA: 1.20-1.30%
  • Cost to Income Ratio: ~45%
  • Credit Cost: <1%
  • Slippage Ratio: <1%
  • NCLT Recovery: ₹500 Cr
  • ARC Recovery: ₹200 Cr

Additional Information

Employee Strength (as on 30.06.2026):

  • Total Employees: 41,875
  • Male: 28,870
  • Female: 13,005 (31% of total staff)
  • Average age of staff: 38 years
  • 2,075 employees inducted during Q1FY27

ESG Initiatives:

  • Installed water aerators, LED lighting, and solar panels across branches
  • Exposure to Green Finance: ₹14,700 Cr
  • Climate Risk Policy framed and Green Cell formed
  • 39 RSETIs trained 46,572 candidates during Q1FY27
  • Gender diversity at 31% women employees

Awards & Accolades:

  • Financial Express Best PSB Award 2024-25
  • CEO of the Year at TN Business Leader of the Year 2025
  • SKOCH Golden Award for IB SAATHI
  • SKOCH Silver Award for Security Operations
  • Best Data Quality Award by CIBIL
  • APY Annual Award of Excellence
  • Golden Peacock Award for Excellence in Artificial Intelligence-2026
  • Award for Excellence in Credit Capability Development by IIBF