Indian Bank Q2 | Profit Rises 36% At ₹2706 Crore, Asset Quality Improved

Indian Bank reported its Q2 financials on Monday, showing a 36% year-on-year increase in net profit, reaching ₹2,706 crore, up from ₹1,988 crore in the same quarter last year. This growth was driven by lower provisions and a rise in net interest income (NII), which grew 8% YoY to ₹6,195 crore from ₹5,740 crore, reflecting continued strength in lending. Asset quality also improved, with gross non-performing assets (NPA) decreasing to 3.48% from 3.77% QoQ, and net NPA falling to 0.27% from 0.39%. Provisions were reduced to ₹1,099 crore, compared to ₹1,258 crore last quarter. Watch MD & CEO S L Jain discuss Q2 results and future growth plans.