Shanti Lal Jain, MD & CEO, Indian Bank On Stellar Q4 Numbers, NII, NPAs & FY25 Growth Plans

Indian Bank's impressive Q4 FY24 performance! With a remarkable 55% profit increase to Rs 2,247 crore and a 9% rise in net interest income to Rs 6,015 crore, the state-owned lender demonstrates robust growth. Notable improvements include a 33 basis points rise in return on assets and a 358 basis points increase in return on equity. Gross advances rose by 13% to Rs 5,33,773 crore, while total deposits reached Rs 6,88,000 crore, growing by 11% year-on-year. Witness the bank's progress in asset quality with gross NPAs down by 200 basis points to 3.95% and net NPAs reduced by 47 basis points to 0.43%.