Chennai headquartered Indian Bank has posted a 10% increase in its net profit to ₹3,273 crore in the June quarter of financial year 2027 (FY27).The bank’s net profit stood at ₹2,973 crore in the same quarter of the previous fiscal. The PSU lender’s net interest income (NII) rose 16.92% to ₹7,435 crore during the quarter from ₹6,359 crore a year earlier.Gross advances increased 13.89% year on year to ₹6,84,623 crore in June 2026 from ₹6,01,147 crore in June 2025. Total deposits rose 13.47% to ₹8,44,578 crore from ₹7,44,289 crore a year ago. Domestic CASA ratio increased to 39.73% from 38.97%. RAM (Retail, Agriculture & MSME) advances grew by 14.80% YoY to ₹4,16,992 crore in June 2026 from ₹3,63,221 crore in June 2025.“We aim to become the preferred financial partner for customers by catering to their full spectrum of banking needs. Our strategy centers on operational efficiency, disciplined portfolio management, and delivering simpler, faster and more delightful banking experiences. At the core lies a customer centric ethos that guides every interaction and innovation,” the lender said. Published - July 10, 2026 09:26 pm IST