1. Opening Hook
Just when PSU banks were supposed to cool off, Indian Bank decided to flex again.
While everyone else is debating rate cuts and macro fog, management walked in with a smile, a laser pointer, and a 98% PCR slide.
Deposits crossed ₹14 lakh crore, advances didn’t miss leg day, and NPAs are now so low they need a microscope. Of course, margins quietly slipped—because no PSU party is complete without one buzzkill.
The real fun, though, lies beneath the headline numbers: RAM dominance, shrinking credit costs, and a balance sheet that’s slowly turning boring (which, for banks, is actually bullish).
Read on—because the devil is in the spreads, and the confidence in this call was doing most of the talking.
2. At a Glance
- Business up 13.3% – PSU growth, but make it consistent this time.
- Deposits up 12.6% – CASA slipped, but volume hid the pain well.
- Advances up 14.2% – RAM did the heavy lifting again.
- Net Profit up 7.3% YoY – Not explosive, but steady beats drama.
- GNPA at 2.23% – NPAs officially on a diet.
- NNPA at 0.15% – Practically theoretical now.
- RoA at 1.30% – Respectable PSU territory.
- RoE at 19.1% – Shareholders finally smiling without squinting.
3. Management’s Key Commentary
“Business crossed ₹14.3 lakh crore with broad-based growth.”
(Translation: Size matters, and we’re flaunting it.) 😏
“RAM advances now form over 66% of domestic advances.”
(Translation: Corporate loans are no longer the main character.)
“Asset quality continues to improve with GNPA at 2.23%.”
(Translation: Yes, we know—this slide again.)
“Credit cost has reduced to 0.21%.”
(Translation: Provisions took a vacation this
