Indian Bank reported a 14.71% year-on-year increase in net profit to ₹3,462 crore for the second quarter of FY27, compared with ₹3,018 crore in the corresponding quarter last year.

Operating profit rose 46.58% to ₹7,090 crore, while net interest income increased 17.83% to ₹7,719 crore. Non-interest income grew 59% year-on-year to ₹3,953 crore during the quarter ended September 30, 2026, according to the bank’s financial results.

The bank’s total business, comprising deposits and advances (loans), grew 14.22% year-on-year to ₹15.96 lakh crore. Loans extended by the bank rose 16.39% to ₹7.22 lakh crore, while advances to retail customers, farmers and micro, small and medium enterprises (MSMEs) grew 17.74% to ₹4.42 lakh crore. Deposits increased 12.50% to ₹8.74 lakh crore.

The bank’s asset quality improved, with gross non-performing assets (NPAs) declining to 1.61% of gross advances in September 2026 from 2.60% a year earlier.

Net NPAs, which account for provisions set aside against bad loans, fell to 0.14% from 0.16%.

For the first half of FY27, the six months ended September 2026, net profit rose 12.42% year-on-year to ₹6,735 crore. Operating profit increased 31.65% to ₹12,647 crore, while net interest income grew 17.38% to ₹15,154 crore.