Indian Bank Q2 Results: Net profit rises 11.5%; asset quality improves

Public sector lender Indian Bank on Thursday, October 16 reported an 11.5% year-on-year rise in net profit for the second quarter of the current financial year, coming in at ₹3,018 crore, compared to ₹2,706 crore in the same period last year.

The bank's net interest income (NII), the difference between interest earned and interest expended, rose 6% year-on-year to ₹6,551 crore, as against ₹6,195 crore in the corresponding quarter of the previous year.



On the asset quality front, Indian Bank maintained its improvement trend. The gross non-performing assets (NPA) ratio declined to 2.60% from 3.01% in the previous quarter, while the net NPA ratio improved to 0.16% from 0.18% sequentially.

The lender's provisions for the quarter stood at ₹739 crore, compared to ₹691 crore in the previous quarter and ₹1,100 crore in the same quarter last year, showing a decline in provisioning requirements as asset quality strengthened further.

Following the announcement of the results, shares of Indian Bank gained 2.52% to trade at ₹794.80 on Thursday. The stock has been on a strong upward trajectory, rising nearly 55% so far in 2025.