State-owned Indian Bank reported a 35% increase in net profit for the third quarter ended December 2024, reaching ₹2,852 crore, up from ₹2,119 crore a year ago, driven by higher core income.
Total income rose to ₹17,912 crore from ₹16,099 crore, while interest income increased to ₹15,759 crore from ₹14,198 crore. Net interest income grew 10% to ₹16,415 crore.
Operating profit improved to ₹4,749 crore, compared to ₹4,097 crore last year. Asset quality strengthened, with gross NPAs moderating to 3.26% from 4.47%, and net NPAs declining to 0.21% from 0.53%. The provision coverage ratiorose to 98.09%.
The Capital Adequacy Ratio improved to 15.92%, while provisions (excluding tax) fell to ₹1,059 crore from ₹1,349 crore. The strong financials reflect the bank’s improved performance and stability.
