Indian Bank reported a 13.6% year-on-year increase in total business to ₹15.28 lakh crore for the quarter ended June 30, 2026.
The state-owned lender’s gross advances rose 13.9%, while deposits grew 13.3%, indicating a balanced expansion in both lending and funding.
Asset quality metrics were also reported, though specific figures were not detailed in the initial release.
Net profit for the quarter reached ₹3,103 crore, reflecting stable profitability amid the volume growth.
Asset quality metrics were also reported, though specific figures were not detailed in the initial release.
The synchronized growth in deposits and advances suggests healthy credit demand and stable funding costs for the lender.
This performance aligns with broader trends in India’s public sector banking sector, where many institutions have seen improved asset quality and steady loan book growth in recent quarters.