# Indian Bank (INDIANB) — Stock analysis > Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/indianb ## Current market snapshot - Exchange: NSE - Country: India - Price: ₹902 - Change: +1.10% - As of: 2026-11-06 - 1D return: +1.10% - 5D return: +4.22% - 1M return: +11.66% - Latest complete quarter: fy27_q2 ## Faxioms Analysis _As of 2026-11-06_ ### Technical Outlook INDIANB closed at ₹902.0 on 2026-11-06, trading near the upper end of its recent ranges (+100% in the 20-day window). The daily technical structure is bullish, with price holding above all key moving averages and the Supertrend indicator. This upward bias was reinforced by a high-severity volume anomaly on 2026-11-05, where a +4.5% price move occurred alongside a volume ratio of 2.68x. However, trend conviction remains weak on the daily horizon (ADX 15.93), suggesting the current uptrend lacks strong momentum despite the positive price positioning. In contrast, the monthly chart shows a strong trend (ADX 52.48) with price above all major indicators, while the weekly setup presents a conflict: price is above moving averages but below the Supertrend, indicating mixed intermediate-term signals. Risk metrics show an annualized volatility of +31.6% and a current drawdown of -9.0%. Immediate resistance lies at ₹907.04 (0.56% above), while support is noted at ₹885.1 (1.87% below). The setup strengthens if price sustains above ₹907 with rising ADX values, confirming stronger participation. It weakens if price falls below the weekly Supertrend or breaks below the ₹885 pivot support. - Trend Direction: Daily and monthly trends are bullish with price above all key moving averages; weekly trend is mixed with price above MAs but below Supertrend. - Momentum & Participation: Daily trend strength is weak (ADX 15.93) despite a high-severity volume spike (+4.5% return, 2.68x volume ratio) on 2026-11-05. - Price Positioning: Trading at ₹902.0, near the top of the 20-day range (+100%) and 50-day range (+96.1%), with immediate resistance at ₹907.04. - Risk Profile: Annualized volatility stands at +31.6% with a current drawdown of -9.0%; nearest support level is ₹885.1. - Morning Star - Inside Bar - Harami - Bullish Engulfing Reversal - Doji ### What Changed On November 6, 2026, Indian Bank's share price closed at ₹902.00 on the NSE, reflecting an increase from the previous recorded level of ₹892.15. This price movement coincides with fresh analyst coverage issued by Systematix Institutional Equities, which highlighted divergent net interest margin (NIM) trends across the banking sector for Q2 FY27. The brokerage noted that while large private lenders experienced an average NIM contraction of 15 basis points, public sector banks saw a modest expansion of 3 basis points. Systematix maintained a cautiously optimistic outlook for the sector, citing healthy credit growth and stable asset quality, though it identified retail deposit mobilization and the transition to expected credit loss frameworks as key monitorables. Consequently, the firm issued new price targets for major lenders including HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, and Bank of Baroda. - Indian Bank stock price rose to ₹902.00 from ₹892.15 as of November 6, 2026. - Systematix Institutional Equities reported Q2 FY27 NIM expansion of 3 basis points for public sector banks, contrasting with a 15 basis point contraction in large private lenders. - The brokerage cited healthy credit growth and stable asset quality as drivers for its cautious optimism, while flagging retail deposit mobilization and expected credit loss framework transitions as key areas to monitor. - [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06) ### Official Filings Indian Bank reported a 14.71% year-on-year increase in net profit to ₹3,462 crore for Q2 FY2026-27 (ended September 30, 2026), with standalone quarterly profit reaching ₹6,735.33 crore. Management revised growth guidance upward, targeting 11–12% deposit growth and 13–14% advances growth. To support this expansion, the Board approved non-equity fundraising plans of up to ₹5,000 crore in long-term infrastructure bonds and ₹2,000 crore in Basel III-compliant AT1/Tier-2 bonds. Governance saw a change as Ms. Manasa Gangotri Kata was appointed as a GOI Nominee Director on October 23, 2026, replacing Shri Samir Kumar. On the regulatory front, the RBI imposed a monetary penalty of ₹2,10,000 for reporting lapses regarding Cash Out incidents at 21 ATMs in June 2026; the bank stated this has no material impact on its financials. - Q2 FY2026-27 Net Profit: ₹3,462 crore (up 14.71% YoY); Standalone Quarterly Profit: ₹6,735.33 crore. - Revised Guidance: Deposit growth target raised to 11–12%; Advances growth target raised to 13–14%. - Fundraising Plan: Approved issuance of up to ₹5,000 crore in Long Term Infrastructure Bonds and ₹2,000 crore in AT1/Tier-2 bonds. - Regulatory Penalty: RBI imposed a fine of ₹2,10,000 for failure to report ATM Cash Out incidents in June 2026. - [Indian Bank has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015: Imposition of monetary penalty on the Bank by Reserve Bank of India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_30102026184450_SE_RBIPenalty30102026.pdf) - [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/INDIANB_26102026162921_Interest_Payment_26102026.pdf) - [Indian Bank has informed the Exchange about Appointment of Ms. Manasa Gangotri Kata as GOI Nominee Director on the Board of the Bank : Submission of Brief Profile |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_24102026132310_SE_Profile_Manasa24102026.pdf) - [INDIAN BANK has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2540_WebXMLFile_20261024_132852635.xml) - [Indian Bank has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/INDIANB_23102026193234_SE_ManasaGangotri.pdf) - [Indian Bank has informed the Exchange about Revision of Interest rates on Special Retail Term Deposit - Ind Grow (555 days) and Ind Prosper (777 Days) |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_22102026194921_SE_Revision_Interest__Rate22102026.pdf) - [Indian Bank has informed the Exchange about Transcript of Post Earnings Concall / Meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/INDIANB_21102026201830_SE_Transcript_Sep26.pdf) - [Indian Bank has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2540_WebXMLFile_20261021_205553590.xml) - [Indian Bank has submitted to the Exchange, Approval of Unaudited (Reviewed) Standalone and Consolidated Financial Results of the Bank for the Second Quarter and Half Year of FY 2026-27 ended on September 30, 2026 and Fund Raising Plan other than Equity Capital |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/INDIANB_15102026125328_SE_Q2_FY27Result.pdf) - [Indian Bank has informed the Exchange regarding Outcome of Board Meeting held on October 15, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/INDIANB_15102026130112_SE_Q2_FY27Result.pdf) ### Fundamentals Indian Bank’s Q2 FY2026-27 results (ending September 2026) show robust top-line growth alongside a notable shift in asset quality and profitability dynamics. Revenue rose 15% year-on-year to ₹19,149 crore, driven by higher interest earned (₹19,148.99 crore) and a significant jump in other income to ₹4,186.99 crore. Operating profit expanded sharply to ₹7,079.62 crore from ₹5,588.06 crore in Q1, reflecting strong operational leverage. However, earnings quality faced headwinds as provisions for contingencies doubled sequentially to ₹2,231.26 crore, reducing Profit Before Tax growth relative to operating gains. Despite this, Net Profit grew to ₹3,446.86 crore, supporting an EPS of ₹26.29. A critical positive signal is the improvement in asset quality: Gross NPA percentage declined to 1.61% from 1.86%, with gross NPAs falling to ₹11,612.52 crore. Financing margins compressed to 3.0% in the quarter, down from 9.0% previously, indicating tighter spreads or increased funding costs. Cash flow remains healthy, with Free Cash Flow at ₹18,387 crore for FY2026, and borrowings increased to ₹77,299 crore by September 2026, suggesting active balance-sheet expansion. - Revenue grew 15% YoY to ₹19,149 crore in Q2 FY2026-27, with Other Income surging to ₹4,186.99 crore. - Gross NPA ratio improved to 1.61% from 1.86%, signaling better asset quality despite rising provisions. - Financing margin compressed to 3.0% in Q2, down from 9.0% in prior quarters, pressuring net interest margins. - Free Cash Flow stood at ₹18,387 crore for FY2026, while borrowings rose to ₹77,299 crore by Sep 2026. ### Bull Case Indian Bank presents a conditional upside case anchored by its strategic pivot toward sustainable finance and favorable sector dynamics for public sector lenders. The bank has launched the 'IND Green Charge' scheme, targeting ₹100 crore in lending under an EV charging infrastructure initiative for FY27, signaling active participation in high-growth green financing segments. This operational focus coincides with broader positive trends for public sector banks; Systematix Institutional Equities notes that while large private lenders faced net interest margin contractions in Q2 FY27, public sector banks saw an average expansion of 3 basis points, supported by healthy credit growth and stable asset quality. Technically, the stock exhibits strong momentum on longer timeframes, with the monthly supertrend remaining bullish and a significant year-to-date return of +8.3%, despite near-term weekly bearish signals. Investors monitoring this setup should track the execution of the EV lending targets and the sustainability of public sector bank margin expansion as liquidity conditions evolve following recent RBI rate hikes. - Strategic Growth: Indian Bank targets ₹100 crore in lending for FY27 via the 'IND Green Charge' scheme to support EV charging infrastructure development. - Sector Tailwinds: Public sector banks expanded net interest margins by an average of 3 basis points in Q2 FY27, contrasting with a 15 basis point contraction in large private lenders, according to Systematix Institutional Equities. - Technical Strength: The monthly trend remains bullish with a +8.3% year-to-date return, though the weekly supertrend is currently bearish, indicating mixed short-term momentum. - Market Context: Domestic banks are adjusting deposit rates upward due to tightened liquidity and surging credit demand, a factor that will influence funding costs and margin management. - [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06) - [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms) - [A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move](https://economictimes.indiatimes.com/industry/banking/finance/banking/a-month-after-rbis-rate-hike-banks-start-raising-deposit-rates-as-liquidity-shrinks-bank-of-india-the-latest-to-move/articleshow/135472353.cms) - [Indian Bank targets Rs 100 crore lending under EV charging scheme in FY27: MD](https://www.moneycontrol.com/news/business/banks/indian-bank-targets-rs-100-crore-lending-under-ev-charging-scheme-in-fy27-md-14065457.html) - [Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD](https://economictimes.indiatimes.com/industry/banking/finance/indian-bank-aims-for-rs-100-crore-ev-charging-loans-by-fy27-boosts-green-mobility-initiative/articleshow/135419189.cms) - [Indian Bank has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015: Imposition of monetary penalty on the Bank by Reserve Bank of India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_30102026184450_SE_RBIPenalty30102026.pdf) - [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/INDIANB_26102026162921_Interest_Payment_26102026.pdf) - [Indian Bank has informed the Exchange about Appointment of Ms. Manasa Gangotri Kata as GOI Nominee Director on the Board of the Bank : Submission of Brief Profile |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_24102026132310_SE_Profile_Manasa24102026.pdf) - [INDIAN BANK has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2540_WebXMLFile_20261024_132852635.xml) - [Indian Bank has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/INDIANB_23102026193234_SE_ManasaGangotri.pdf) ### Bear Case Indian Bank faces near-term operational and market headwinds that warrant caution. The weekly technical trend has shifted to bearish, with the Supertrend indicating a reversal from its previous bullish stance, suggesting short-term momentum loss despite longer-term monthly strength. Volatility remains elevated, with annualized volatility at +31.6% and a current drawdown of -9.0%, reflecting significant price instability. Furthermore, the broader banking sector is navigating tightening liquidity and rising funding costs; domestic banks are raising deposit rates following an RBI rate hike, which pressures net interest margins even as credit demand surges. While Indian Bank’s specific EV lending initiatives signal strategic focus, they represent targeted exposures rather than broad margin protection against these macro-funding pressures. - Weekly technical trend turned bearish on 2026-11-06, contrasting with the monthly bullish signal and indicating potential short-term downside pressure. - High volatility persists with annualized volatility at +31.6% and a current drawdown of -9.0%, exposing investors to significant price swings. - Sector-wide liquidity tightening and rising deposit rates post-RBI hike increase funding costs, creating margin pressure for lenders including public sector banks. - [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06) - [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms) - [A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move](https://economictimes.indiatimes.com/industry/banking/finance/banking/a-month-after-rbis-rate-hike-banks-start-raising-deposit-rates-as-liquidity-shrinks-bank-of-india-the-latest-to-move/articleshow/135472353.cms) - [Indian Bank targets Rs 100 crore lending under EV charging scheme in FY27: MD](https://www.moneycontrol.com/news/business/banks/indian-bank-targets-rs-100-crore-lending-under-ev-charging-scheme-in-fy27-md-14065457.html) - [Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD](https://economictimes.indiatimes.com/industry/banking/finance/indian-bank-aims-for-rs-100-crore-ev-charging-loans-by-fy27-boosts-green-mobility-initiative/articleshow/135419189.cms) - [Indian Bank has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015: Imposition of monetary penalty on the Bank by Reserve Bank of India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_30102026184450_SE_RBIPenalty30102026.pdf) - [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/INDIANB_26102026162921_Interest_Payment_26102026.pdf) - [Indian Bank has informed the Exchange about Appointment of Ms. Manasa Gangotri Kata as GOI Nominee Director on the Board of the Bank : Submission of Brief Profile |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_24102026132310_SE_Profile_Manasa24102026.pdf) - [INDIAN BANK has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2540_WebXMLFile_20261024_132852635.xml) - [Indian Bank has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/INDIANB_23102026193234_SE_ManasaGangotri.pdf) ### FAQs **What recent corporate governance changes has Indian Bank announced?** On 23 October 2026, Ms. Manasa Gangotri Kata assumed office as a Government of India Nominee Director on the Board, replacing Shri Samir Kumar. The appointment carries a 36-month term and was reported to the NSE on 24 October 2026. **Has Indian Bank faced any regulatory penalties recently?** Yes. On 29 October 2026, the RBI imposed a monetary penalty of ₹2,10,000 on the bank for failing to report Cash Out incidents at 21 ATMs in the Chennai jurisdiction during June 2026. The bank stated this has no material impact on its financials or profitability. **What are Indian Bank's lending targets for FY27?** Indian Bank has launched the 'IND Green Charge' financing scheme with a specific target to lend ₹100 crore under its EV charging initiative for the fiscal year 2027, signaling a focus on electric vehicle infrastructure development. **How is Indian Bank performing technically as of 6 November 2026?** The stock closed at ₹902.00, up +1.1% from the previous close. Daily technical indicators show a bullish Supertrend direction with strong upward momentum (Plus DI 27.77 vs Minus DI 13.85). Year-to-date returns stand at +8.3%, while annualized volatility is recorded at +31.6%. - [HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06) - [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms) - [A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move](https://economictimes.indiatimes.com/industry/banking/finance/banking/a-month-after-rbis-rate-hike-banks-start-raising-deposit-rates-as-liquidity-shrinks-bank-of-india-the-latest-to-move/articleshow/135472353.cms) - [Indian Bank targets Rs 100 crore lending under EV charging scheme in FY27: MD](https://www.moneycontrol.com/news/business/banks/indian-bank-targets-rs-100-crore-lending-under-ev-charging-scheme-in-fy27-md-14065457.html) - [Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD](https://economictimes.indiatimes.com/industry/banking/finance/indian-bank-aims-for-rs-100-crore-ev-charging-loans-by-fy27-boosts-green-mobility-initiative/articleshow/135419189.cms) - [Indian Bank has informed the Exchange about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015: Imposition of monetary penalty on the Bank by Reserve Bank of India |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_30102026184450_SE_RBIPenalty30102026.pdf) - [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/INDIANB_26102026162921_Interest_Payment_26102026.pdf) - [Indian Bank has informed the Exchange about Appointment of Ms. Manasa Gangotri Kata as GOI Nominee Director on the Board of the Bank : Submission of Brief Profile |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/INDIANB_24102026132310_SE_Profile_Manasa24102026.pdf) - [INDIAN BANK has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2540_WebXMLFile_20261024_132852635.xml) - [Indian Bank has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)](https://nsearchives.nseindia.com/corporate/INDIANB_23102026193234_SE_ManasaGangotri.pdf) ## Technical analytics - As of: 2026-11-06 - Daily trend: Weak Uptrend - Weekly trend: Weak Uptrend - Pivot point: ₹885.1 - Risk regime: Price Risk Currently Contained ### Support levels - 840.46015625 - 833.6625 - 814.825 ### Resistance levels - 907.04375 - 923 - 1000.45 ### Return and range metrics | Metric | Value | | --- | --- | | return_1 | +1.10% | | return_10 | +7.75% | | return_1m | +10.95% | | return_1y | +4.18% | | return_20 | +11.66% | | return_3m | +2.75% | | return_5 | +4.22% | | return_6m | +4.05% | | return_since_start | +74.28% | | return_ytd | +8.34% | ### Risk and volatility metrics | Metric | Value | | --- | --- | | state | contained_risk | | label | Price risk currently contained | | summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. | | maximum_drawdown | -22.10% | | annualized_volatility | +31.64% | ## Quarterly financials - Latest complete quarter: fy27_q2 # Indian Bank Q2 FY2026-27 Results: Operating Profit Surges, Provisions Weigh on Earnings Indian Bank reported profit after tax of ₹3,446.86 crore for the quarter ended 30 September 2026, up 4.5% quarter on quarter and 13.4% from the corresponding quarter a year earlier. The increase was much slower than the rise in operating profit before provisions, as provisions and tax expense climbed. Total income and other income grew strongly, while reported asset-quality ratios improved. ## Income and operating profit Total income rose to ₹23,335.98 crore, up 11.1% sequentially and 21.1% year on year. Interest earned increased to ₹19,148.99 crore, up 5.8% quarter on quarter and 15.2% year on year. Interest expended was ₹11,388.64 crore, up 6.9% sequentially. Other income increased 44.3% from the June quarter to ₹4,186.99 crore, and was 58.4% higher than a year earlier. Operating profit before provisions and contingencies rose to ₹7,079.62 crore, up 26.7% sequentially and 45.6% year on year. Operating expenses increased 2.4% sequentially to ₹4,867.72 crore; employee costs eased slightly to ₹3,068.03 crore, while other operating expenses rose to ₹1,799.69 crore. ## Higher provisions temper earnings growth Provisions other than tax and contingencies rose 86.9% sequentially to ₹2,231.26 crore, more than three times the year-earlier quarter’s ₹738.51 crore. Profit before tax increased 10.3% sequentially to ₹4,848.36 crore, materially less than the growth in operating profit. Tax expense rose 28.0% from the June quarter to ₹1,401.50 crore. Together, the higher provision and tax charges limited the increase in profit after tax relative to the operating-profit expansion. ## Asset quality improves Gross non-performing assets declined to ₹11,612.52 crore at 30 September 2026, from ₹12,710.34 crore at 30 June and ₹16,134.66 crore at 30 September 2025. The gross NPA ratio improved to 1.61%, from 1.86% sequentially and 2.60% a year earlier. Net NPAs were ₹982.90 crore, slightly below ₹990.22 crore at the previous quarter-end; the net NPA ratio was 0.14%, compared with 0.15% at both prior dates. The improvement in reported asset-quality measures coincided with substantially higher provisions this quarter, making provisions an important earnings variable to track. ## Balance sheet and capital At 30 September 2026, advances stood at ₹7,11,350.39 crore, up 8.6% from 30 June, while deposits rose 5.6% to ₹8,73,958.17 crore. Borrowings increased to ₹77,299.07 crore from ₹46,806.57 crore, and total assets grew 8.4% sequentially to ₹10,74,540.76 crore. The CET1 ratio was 15.40%, down from 16.74% at the previous quarter-end but above 14.73% at 31 December 2025. Reserves and surplus increased 8.7% sequentially to ₹85,515.13 crore. ## Management Commentary Management attributes the quarter to a sharp improvement in cost efficiency, with the cost-to-income ratio falling to 39.25% in September 2026 from 44.80% in June 2026. Asset quality measures are consistent with the reviewed figures, with gross NPAs at 1.61% and net NPAs at 0.14%, and the slippage ratio eased to 0.69% from 0.79% a year earlier. Management also states that it deliberately reduced bulk deposits, including certificates of deposit, by 5.60% quarter on quarter to about ₹1.52 lakh crore from ₹1.62 lakh crore, a funding mix change that sits alongside the higher borrowings in the reviewed balance sheet. ## Key Takeaway Indian Bank’s income and pre-provision operating profit expanded sharply, but the substantial rise in provisions and higher tax expense meant profit after tax grew more modestly. Asset-quality measures improved, while advances, deposits and total assets increased; borrowings also rose markedly and the CET1 ratio declined sequentially. The quarter’s earnings picture therefore combines stronger operating performance and better reported asset quality with higher provisioning and a changed funding and capital position. ### Ratios ## Shareholding pattern - Quarter: FY2027-Q1 - As of: 2026-06-30 - Promoter holding: +73.84% - FII holding: +6.08% - DII holding: +17.03% - Mutual fund holding: +13.52% - Retail holding: +1.89% - Promoter pledged: +0.00% ### Major reported shareholders - President of India — +73.84% - HDFC MUTUAL FUND UNDER ITS VARIOUS SCHEMES — +3.64% - NPS TRUST UNDER ITS VARIOUS SCHEMES — +2.57% - KOTAK MUTUAL FUND UNDER ITS VARIOUS SCHEMES — +2.38% - LIFE INSURANCE CORPORATION OF INDIA AND ITS VARIOUS SCHEMES — +1.87% - FOREIGN INSTITUTIONAL INVESTORS — +0.08% (Other) ## Official filings - 2026-10-30 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_30102026184450_SE_RBIPenalty30102026.pdf) - 2026-10-26 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/INDIANB_26102026162921_Interest_Payment_26102026.pdf) - 2026-10-24 — Management Change: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_24102026132310_SE_Profile_Manasa24102026.pdf) - 2026-10-24 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2540_WebXMLFile_20261024_132852635.xml) - 2026-10-23 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_23102026193234_SE_ManasaGangotri.pdf) - 2026-10-22 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_22102026194921_SE_Revision_Interest__Rate22102026.pdf) - 2026-10-21 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_21102026201830_SE_Transcript_Sep26.pdf) - 2026-10-21 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2540_WebXMLFile_20261021_205553590.xml) - 2026-10-15 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_15102026125328_SE_Q2_FY27Result.pdf) - 2026-10-15 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_15102026130112_SE_Q2_FY27Result.pdf) - 2026-10-15 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_15102026130353_SE_Q2_FY27Result.pdf) - 2026-10-15 — Press Release: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_15102026135601_SE_Press_Release_30092026.pdf) - 2026-10-15 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_15102026155649_Disclosure_Reg30_15102026.pdf) - 2026-10-15 — Financial Results Filing: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1739305_15102026070005_WEB.xml) - 2026-10-15 — Financial Results Filing: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1739303_15102026065914_WEB.xml) - 2026-10-15 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_15102026201627_SE_Audio_Recording15102026.pdf) - 2026-10-15 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2540_WebXMLFile_20261015_202754019.xml) - 2026-10-15 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2540_WebXMLFile_20261015_202708449.xml) - 2026-10-12 — Board Meeting Notice: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_12102026183406_SE_Prior_Intimation12102026.pdf) - 2026-10-12 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2540_WebXMLFile_20261012_185537516.xml) - 2026-10-12 — Board Meeting Notice: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2540_WebXMLFile_20261012_185537516.xml) - 2026-10-12 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_12102026201500_SE_Analyst_Meet_Intimation_12102026.pdf) - 2026-10-12 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2540_WebXMLFile_20261012_202545948.xml) - 2026-10-08 — Shareholding Disclosure: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734139_08102026122540_WEB.xml) - 2026-10-07 — Generic Announcement: Indian Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/INDIANB_07102026182738_SE_Revision_Interest__Rate07102026.pdf) ## News and market events - 2026-11-06 — BUSINESSTODAY: **HDFC Bank, SBI, ICICI Bank, Kotak Bank, Axis Bank, BoB: Check fresh price targets for banking stocks** — Systematix Institutional Equities reports divergent net interest margin trends for Indian banks in Q2 FY27, with large private lenders seeing an average contraction of 15 basis points while public sector banks expanded by 3 basis points. The brokerage maintains a cautiously optimistic outlook on the sector, citing healthy credit growth and stable asset quality, though it highlights retail deposit mobilization and the transition to expected credit loss frameworks as key monitorables. Consequently, Systematix has issued fresh price targets for major lenders including ICICI Bank, SBI, and HDFC Ba — [Source](https://www.businesstoday.in/markets/trending-stocks/story/hdfc-bank-sbi-icici-bank-kotak-bank-axis-bank-bob-check-fresh-price-targets-for-banking-stocks-566195-2026-11-06) - 2026-11-03 — Economic Times: **Lenders accept Supreme Housing's Rs 522-crore settlement offer** — Lenders led by Canara Bank have approved a ₹522-crore one-time settlement offer from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. The agreement covers both fund-based exposure for Canara Bank and non-fund exposure arising from corporate guarantees given to subsidiary entities. This resolution marks a major milestone in the company's financial restructuring and will now be submitted to the NCLT for final approval. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms) - 2026-11-03 — Economic Times: **A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move** — Domestic banks, led by Bank of India, are raising deposit rates as banking system liquidity has tightened significantly from its September peak due to bond sales and the waning impact of FCNR(B) inflows. This adjustment reflects higher funding costs amid surging credit demand during the busy season, although analysts note that large lenders may delay broader hikes to preserve margins until next quarter. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/a-month-after-rbis-rate-hike-banks-start-raising-deposit-rates-as-liquidity-shrinks-bank-of-india-the-latest-to-move/articleshow/135472353.cms) - 2026-11-01 — MONEYCONTROL: **Indian Bank targets Rs 100 crore lending under EV charging scheme in FY27: MD** — Indian Bank has set a target to lend Rs 100 crore under its EV charging scheme for the fiscal year 2027, as stated by its Managing Director. This initiative signals the bank's commitment to financing electric vehicle infrastructure development. — [Source](https://www.moneycontrol.com/news/business/banks/indian-bank-targets-rs-100-crore-lending-under-ev-charging-scheme-in-fy27-md-14065457.html) - 2026-11-01 — Economic Times: **Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD** — Indian Bank announced the launch of its 'IND Green Charge' financing scheme, setting a lending target of Rs 100 crore for the current fiscal year to support electric vehicle charging infrastructure development. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/indian-bank-aims-for-rs-100-crore-ev-charging-loans-by-fy27-boosts-green-mobility-initiative/articleshow/135419189.cms) - 2026-10-30 — The Hindu: **CBI files FIR against Chandra Proteco and directors for alleged bank fraud** — The CBI filed an FIR against Chandra Proteco Limited and its directors for alleged bank fraud of ₹210.13 crore after Indian Bank reported siphoning of funds through associate companies and fictitious accounts. — [Source](https://www.thehindu.com/news/national/uttar-pradesh/cbi-files-fir-against-chandra-proteco-and-directors-for-alleged-bank-fraud/article71643897.ece) - 2026-10-30 — Economic Times: **Rs 210-crore bank fraud case: CBI books Chandra Proteco and its directors** — The CBI booked Chandra Proteco Limited and its directors for an alleged Rs 210.13 crore bank fraud after Indian Bank reported that the company diverted loan funds through associate entities. — [Source](https://economictimes.indiatimes.com/news/india/rs-210-crore-bank-fraud-case-cbi-books-chandra-proteco-and-its-directors/articleshow/135341754.cms) - 2026-10-27 — News18: **November 2026: 7 Key Money Deadlines And Financial Updates To Know** — Discover the key financial changes in November 2026, including life certificate rules for pensioners, tax audit deadlines, and LPG updates. — [Source](https://www.news18.com/photogallery/business/banking-finance/financial-changes-november-2026-pension-tax-deadlines-lpg-rates-ws-l-10399121.html) - 2026-10-26 — Economic Times: **Latest FD interest rates after recent rate changes: ICICI Bank, Indian Bank, SBI and HDFC Bank - The Economic Times** — Several banks including ICICI Bank and Indian Bank have increased their fixed deposit interest rates recently. The Reserve Bank of India raised the repo rate, influencing banks to adjust their deposit rates. ICICI Bank now offers 6.60% for general citizens and 7.20% for senior citizens on select tenures. Indian Bank has also raised rates on specific fixed deposit options for its customers. — [Source](https://economictimes.indiatimes.com/wealth/invest/latest-fd-interest-rates-after-recent-rate-changes-icici-bank-indian-bank-sbi-and-hdfc-bank/articleshow/135211909.cms) - 2026-10-26 — BUSINESSTODAY: **Indian Bank hikes special FD rates to 6.80%: How it compares with PSUs, private banks, small finance banks** — Indian Bank hikes special FD rates to 6.80%: How it compares with PSUs, private banks, small finance banks Indian Bank hikes special FD rates to 6.80%: How it compares with PSUs, private banks, small finance banks The revised 555-day rate puts Indian Bank close to the highest rates offered by public sector lenders, although some private and small finance banks offer higher headline returns on specific tenures. — [Source](https://www.businesstoday.in/personal-finance/story/indian-bank-hikes-special-fd-rates-to-6-80-how-it-compares-with-psus-private-banks-small-finance-banks-563519-2026-10-26) - 2026-10-25 — Mint: **Indian Bank hikes interest rates on special-tenure fixed deposits — check how much 555-day and 777-day FDs are offering | Mint** — Indian Bank has raised rates by 15 basis points on its 555-day Ind Grow and 777-day Ind Prosper fixed deposits, effective October 23, 2026. Check latest rates here. — [Source](https://www.livemint.com/money/personal-finance/indian-bank-hikes-interest-rates-on-special-tenure-fixed-deposits-check-how-much-555-day-and-777-day-fds-are-offering-11792936659244.html) - 2026-10-24 — Mint: **ICICI Bank, Indian Bank hike FD rates: Check latest rates for senior citizens and general depositors | Mint** — ICICI Bank and Indian Bank have revised fixed deposit (FD) interest rates from 23 October 2026. Check the latest FD rates for general depositors and senior citizens, including higher returns on select long-term deposits and Indian Bank’s special 555-day and 777-day FD schemes. — [Source](https://www.livemint.com/money/personal-finance/icici-bank-indian-bank-hike-fd-rates-check-latest-rates-for-senior-citizens-and-general-depositors-11792817920474.html) - 2026-10-23 — Economic Times: **ICICI Bank and Indian Bank increase FD interest rates: Senior citizens can now earn up to 7.30% in this FD - The Economic Times** — ICICI Bank and Indian Bank have raised fixed deposit interest rates for select tenures effective October 23, 2026. Indian Bank also adjusted its rates, increasing FD rates on their special 555-day and 777-day FDs. — [Source](https://economictimes.indiatimes.com/wealth/invest/icici-bank-and-indian-bank-increase-fd-interest-rates-senior-citizens-can-now-earn-up-to-7-30-in-this-fd/articleshow/135144686.cms) - 2026-10-23 — Mint: **Senior Citizen FD rates Oct 2026: Earn up to 8.5% interest | Public, private banks and SFB fixed deposit rates compared | Mint** — Senior citizens can earn up to 8.5% interest on fixed deposits in October 2026. Small finance banks offer the highest rates, followed by private and public sector banks. Here is a comparison of top FD rates across banks for 1-year, 3-year, and 5-year tenures. — [Source](https://www.livemint.com/money/personal-finance/senior-citizen-fd-rates-oct-2026-earn-up-to-8-5-interest-public-private-banks-and-sfb-fixed-deposit-rates-compared-11792752705131.html) - 2026-10-23 — MONEYCONTROL: **Indian Bank FD Rates Revised: 555-day deposit now offers 6.80%, 777-day FD at 6.75%** — Indian Bank FD Rates Revised: 555-day deposit now offers 6.80%, 777-day FD at 6.75% Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Annamalai DeepSeek Indian Rupee Priyanka Gandhi Marco Rubio Abhijeet Dipke 8th CPC Fitment Factor Kiren Rijiju News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Cred — [Source](https://www.moneycontrol.com/news/business/personal-finance/indian-bank-fd-rates-revised-555-day-deposit-now-offers-6-80-777-day-fd-at-6-75-14058270.html) - 2026-10-22 — Economic Times: **Indian Bank raises deposit rates by 15 basis points** — Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk deposits and slowed term deposits mobilisation during the second quarter while it raised $2.3 billion (about Rs 21,000 crore) of foreign currency non-resident-bank (FCNR-B) deposits using the regulatory window. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-bank-raises-deposit-rates-by-15-basis-points/articleshow/135120858.cms) - 2026-10-20 — Economic Times: **Indian Bank to raise another USD 500 mn ECB by Dec-end; USD 1 bn total planned, MD says** — Indian Bank targets an ambitious goal of raising an extra USD 500 million via external commercial borrowings by the end of December. This move will elevate their total ECBs to USD 1 billion. A significant USD 150 million tranche will be finalized soon. The effective deployment of funds from FCNR(B) deposits has bolstered liquidity management, as the bank strategically trims bulk deposits while managing retail term deposits efficiently. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/indian-bank-to-raise-another-usd-500-mn-ecb-by-dec-end-usd-1-bn-total-planned-md-says/135062223) - 2026-10-19 — The Hindu: **Sensex today | Stock Market Highlights: Sensex, Nifty close over 1% lower; private bank, IT stocks push markets lower** — Sensex, Nifty, Share Prices : Markets closed over 1 per cent lower on Monday as losses in private banks and IT stocks overwhelmed gains in metals and public-sector lenders. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-19th-october-2026/article71600731.ece) - 2026-10-18 — Mint: **Indian Bank raises FY27 growth guidance, plans 100 branches; CEO sees recoveries exceeding target | Company Business News** — Indian Bank has raised its FY27 growth guidance after reporting strong loan and deposit growth, improving asset quality and robust profitability, managing director and chief executive officer Binod Kumar said. — [Source](https://www.livemint.com/companies/indian-bank-raises-fy27-growth-guidance-plans-100-branches-ceo-sees-recoveries-exceeding-target-11792303881199.html) - 2026-10-18 — The Hindu: **Indian Bank net profit rises 14.7% to ₹3,462 crore in Q2** — Indian Bank posts 14.7% Q2 net profit rise to ₹3,462 crore, with strong operating profit, loan growth, and improved asset quality. — [Source](https://www.thehindu.com/business/Industry/indian-bank-net-profit-rises-147-to-3462-crore-in-q2/article71596730.ece) - 2026-10-17 — Economic Times: **Demand for bank loans rises amid hardening yields** — Canara Bank and Indian Bank reported a total corporate loan pipeline of ₹1.10 lakh crore between them. The banks are experiencing steady credit demand from corporate clients amid rising bond yields. Canara Bank expects to maintain around 19% credit growth, while Indian Bank targets a 14-15% growth rate. Both banks highlighted the importance of improving deposit growth to narrow the credit-deposit gap. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/demand-for-bank-loans-rises-amid-hardening-yields/articleshow/134976286.cms) - 2026-10-16 — The Hindu: **Broker’s call: Indian Bank (Buy)** — Broad-based RAM growth of 17.7% and improving asset quality, with GNPA/NNPA at 1.61/0.14%, underpin the bank’s growth trajectory — [Source](https://www.thehindubusinessline.com/markets/brokers-call-indian-bank-buy/article71592239.ece) - 2026-10-16 — MONEYCONTROL: **Buy Indian Bank: target of Rs 1020: ICICI Securities** — ICICI Securities, Indian Bank, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/earnings/buy-indian-bank-target-of-rs-1020-icici-securities-14053781.html) - 2026-10-16 — MONEYCONTROL: **Indian Bank sees up to 5-6 bps NIM expansion, raises FY27 deposit and credit growth guidance** — Indian Bank, Binod Kumar, Q2FY27, NIM expansion, AT-II bonds, Infra bonds, deposit, credit, CASA — [Source](https://www.moneycontrol.com/news/business/banks/indian-bank-sees-up-to-5-6-bps-nim-expansion-raises-fy27-deposit-and-credit-growth-guidance-14053799.html) - 2026-10-16 — MONEYCONTROL: **Fund deployment strategy vital for increasing valuation: South Indian Bank CEO Mahesh Pai** — South Indian Bank, CEO, Mahesh Muralidhar Pai, credit card, Q2 results, wealth management, P/B ratio — [Source](https://www.moneycontrol.com/news/business/banks/fund-deployment-strategy-vital-for-increasing-valuation-south-indian-bank-ceo-mahesh-pai-14053829.html) ## Business profile **Strategic vision:** Public sector bank providing diverse financial services. ### Business segments - **Retail & Digital Banking:** Offers deposit accounts, home loans, vehicle loans, and card services, with digital access via mobile and online platforms. - **Corporate & Wholesale Banking:** Provides corporate credit, project finance, working capital facilities, and trade finance solutions. - **Agricultural & MSME Financing:** Delivers crop loans, infrastructure credit, and credit linkages for Micro, Small, and Medium Enterprises. - **Treasury & Investment Operations:** Manages liquidity, government securities, foreign exchange, and employs risk mitigation models. ### Competitive strengths - Public sector bank status - Amalgamation of Allahabad Bank into Indian Bank ## Related stocks - [AU Small Finance Bank Limited (Financial Services)](https://faxioms.com/stocks/aubank) — -0.98% - [Bank of Baroda (Financial Services)](https://faxioms.com/stocks/bankbaroda) — +0.26% - [Bank of India (Financial Services)](https://faxioms.com/stocks/bankindia) — -0.31% - [Canara Bank (Financial Services)](https://faxioms.com/stocks/canbk) — +0.02% - [The Federal Bank Limited (Financial Services)](https://faxioms.com/stocks/federalbnk) — +0.47% ## Freshness and sources - Data as of: 2026-11-06 - Source: Faxioms public stock analysis API Canonical: https://faxioms.com/stocks/indianb Markdown representation: https://faxioms.com/stocks/indianb?render=md