Indian Bank reports 13.4% growth in Q3 FY26 total business

State-ownedIndianBank on Thursday, January 1, informed the stock exchanges about its provisional business performance for the third quarter of FY26, reporting double-digit growth in key balance-sheet parameters

on a year-on-year basis.

According to the data filed with the exchanges, the bank’s total business increased 13.4% year-on-year to ₹14.30 lakh crore in Q3 FY26, compared with ₹12.61 lakh crore in the corresponding quarter last year.

Gross advances rose 14.5% to ₹6.40 lakh crore during the December quarter, from ₹5.59 lakh crore a year ago, reflecting sustained credit growth.

Total deposits grew 12.5% year-on-year to ₹7.90 lakh crore in Q3 FY26, compared with ₹7.02 lakh crore in the year-ago period. Current account (CA) deposits surged 19.4% to ₹0.43 lakh crore from ₹0.36 lakh crore last year.

The bank’s Retail, Agriculture and MSME (RAM) portfolio—an important focus area for public sector banks—registered a 17% year-on-year growth, rising to ₹3.92 lakh crore from ₹3.35 lakh crore in the December quarter of the previous fiscal.

The domestic CASA ratio moderated slightly to 39.02% in Q3 FY26, from 40% in the same quarter last year.

The figures are provisional and subject to audit, the bank said.

Shares of Indian Bank ended marginally lower on Thursday, January 1, by 0.45% at ₹833.50 on the NSE.

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