Indian Bank reported a robust 32% year-on-year increase in net profit for the fourth quarter of FY 2024–25, reaching Rs 2,956 crore, supported by higher core income and improved asset quality. In the same quarter last year, the Chennai-based public sector lender posted a net profit of Rs 2,247 crore.
According to the bank's regulatory filing, total income rose to Rs 18,599 crore, up from Rs 16,887 crore in the corresponding quarter last year.
Interest income for the January–March period climbed to Rs 15,856 crore compared to Rs 14,624 crore a year earlier. The bank’s Net Interest Income (NII) also improved to Rs 6,389 crore, up from Rs 6,015 crore in Q4 FY24.
On the asset quality front, Indian Bank made notable progress. Gross Non-Performing Assets (NPAs) declined to 3.09% of gross advances, down from 3.95% as of March 2024. Similarly, Net NPAs fell to 0.19%, compared to 0.43% at the end of the previous financial year.
The Provision Coverage Ratio (PCR) rose to 98.10% as of March 31, 2025, up from 96.34% a year earlier, indicating a stronger buffer against potential bad loans.
The bank also reported a rise in its capital adequacy ratio, which improved to 17.94% from 16.44% at the end of FY24.
For the full financial year 2024–25, Indian Bank's net profit increased by 35% to Rs 10,918 crore, compared to Rs 8,063 crore in the previous year. Total income for the year rose to Rs 71,226 crore, up from Rs 63,482 crore, while NII reached Rs 25,176 crore, compared to Rs 23,274 crore the previous year.
The bank reported a Net Interest Margin (NIM) of 3.51% for the fiscal year ended March 2025.
The Board of Directors has recommended a dividend of Rs 16.25 per equity share of face value Rs 10, subject to shareholder approval at the upcoming Annual General Meeting.
Additionally, the board approved plans to raise up to Rs 7,000 crore through a combination of equity and bond offerings during FY26. This includes equity capital of up to Rs 5,000 crore (including premium) via Qualified Institutional Placement (QIP), Rights Issue, or a combination thereof.
Further, the bank proposes to raise up to Rs 2,000 crore through the issuance of Basel III Compliant AT-1 Perpetual Bonds or Tier 2 Bonds, in one or more tranches, based on market conditions and capital requirements.
According to the bank's regulatory filing, total income rose to Rs 18,599 crore, up from Rs 16,887 crore in the corresponding quarter last year.
Interest income for the January–March period climbed to Rs 15,856 crore compared to Rs 14,624 crore a year earlier. The bank’s Net Interest Income (NII) also improved to Rs 6,389 crore, up from Rs 6,015 crore in Q4 FY24.
On the asset quality front, Indian Bank made notable progress. Gross Non-Performing Assets (NPAs) declined to 3.09% of gross advances, down from 3.95% as of March 2024. Similarly, Net NPAs fell to 0.19%, compared to 0.43% at the end of the previous financial year.
The Provision Coverage Ratio (PCR) rose to 98.10% as of March 31, 2025, up from 96.34% a year earlier, indicating a stronger buffer against potential bad loans.
The bank also reported a rise in its capital adequacy ratio, which improved to 17.94% from 16.44% at the end of FY24.
For the full financial year 2024–25, Indian Bank's net profit increased by 35% to Rs 10,918 crore, compared to Rs 8,063 crore in the previous year. Total income for the year rose to Rs 71,226 crore, up from Rs 63,482 crore, while NII reached Rs 25,176 crore, compared to Rs 23,274 crore the previous year.
The bank reported a Net Interest Margin (NIM) of 3.51% for the fiscal year ended March 2025.
The Board of Directors has recommended a dividend of Rs 16.25 per equity share of face value Rs 10, subject to shareholder approval at the upcoming Annual General Meeting.
Additionally, the board approved plans to raise up to Rs 7,000 crore through a combination of equity and bond offerings during FY26. This includes equity capital of up to Rs 5,000 crore (including premium) via Qualified Institutional Placement (QIP), Rights Issue, or a combination thereof.
Further, the bank proposes to raise up to Rs 2,000 crore through the issuance of Basel III Compliant AT-1 Perpetual Bonds or Tier 2 Bonds, in one or more tranches, based on market conditions and capital requirements.
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