The lender’s total income increased to ₹20,724 crore during the June quarter of 2026-27 from ₹18,721 crore in the same period of FY26, Indian Bank said in a regulatory filing.
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Shares of state-owned Indian Bank on Friday jumped nearly 10 per cent after the lender posted a 10 per cent rise in net profit in the first quarter of the current financial year.The stock surged 9.84 per cent to settle at ₹870.95 on the BSE. During the day, it zoomed 10.34 per cent to ₹874.95.At the NSE, the stock closed 9.77 per cent higher at ₹870.70.Following the rally in the shares, the company's market valuation surged ₹10,506.33 crore to ₹1,17,313.83 crore.Indian Bank on Friday posted a 10 per cent rise in its net profit to ₹3,273 crore in the June quarter of FY27.The Chennai-based lender had earned a net profit of ₹2,973 crore in the same quarter of the previous fiscal.The lender’s total income increased to ₹20,724 crore during the June quarter of 2026-27 from ₹18,721 crore in the same period of FY26, Indian Bank said in a regulatory filing.Interest earned by the bank also improved to ₹18,090 crore, compared to ₹16,283 crore in the year-ago period.Net Interest Income (NII) increased by 17 per cent to ₹7,435 crore from ₹6,359 crore in the June quarter of FY26, it said.The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.86 per cent of gross advances at the end of the June quarter from 3.01 per cent a year ago.Similarly, net NPAs, or bad loans, declined to 0.15 per cent, against 0.18 per cent in the year-ago period.As a result, provisions for bad loans declined to ₹376 crore during the first quarter from ₹387 crore in Q1FY26.Published on July 10, 2026
