Indian Bank

Meeting Details

• Date of update: 15 Oct 2026; exact meeting time not disclosed.
• Event: post-earnings concall / investor and analyst meet (organised by Indian Bank).
• Purpose: earnings results discussion and investor interaction.
• Recording availability: audio/video recording and transcripts on the bank's website.
• Key company participant: AGM & Company Secretary.

RBI ISE 2026 findings

• RBI ISE 2026 found Rs 3,823 crore Standard Assets GPLR included in General Provisions.
• Rs 2,470 crore was incorrectly counted as Tier 2 Capital.
• No CCF applied to undrawn exposures with UCC, causing Rs 22,079 crore RWA underestimation.
• RWA on 31-03-2026: Bank 376,320 crore; RBI 398,512 crore.
• Total RWA: Bank 437,546 crore; RBI 459,737 crore.
• CET-1 CRAR: Bank 16.40%, RBI 15.61%.
• Tier 2 CRAR: Bank 1.53%, RBI 0.92%.
• Total CRAR: Bank 17.93%, RBI 16.53%.
• No net profit impact from RBI assessments as on 31-03-2026.

Business Overview

• Public sector bank with nationwide retail, MSME, and agriculture focus.
• RAM portfolio rose 17.18% YoY to ₹117,817 Cr.
• FY27 guidance: NIM 3.10–3.25%, GNPA 1.5–1.6%.
• GoI stake at 73.84%.

Key Operational Highlights

• Q2 FY27 net interest income ₹7,719 Cr; up 17.83% YoY.
• Net profit ₹3,462 Cr in Q2; YoY 14.71%.
• Total deposits ₹8.74 lakh Cr; domestic growth 12.39% YoY.
• Advances ₹7.22 lakh Cr; domestic CASA 39.36%.
• GNPA 1.61%, NNPA 0.14%, PCR 98.22%.
• CRAR 16.21% as of 30.09.2026.

Financial Performance

• Operating profit ₹7,090 Cr in Q2; H1 ₹12,647 Cr.
• Total income ₹23,059 Cr in Q2; YoY growth 20.87%.
• NII margin: overall 3.31%; domestic 3.42%.
• RoA 1.31%; RoE 19.66%.
• EPS ₹102.82; BVPS ₹535.00.

Capital Structure & Liquidity

• Total capital ₹78,688 Cr; CRAR 16.21%.
• Deposits ₹874,036 Cr; Borrowings ₹77,195 Cr.
• GoI stake 73.84%.

Strategic Priorities & Outlook

• FY27 guidance: deposits up 11–12%; advances up 13–14%.
• Domestic CASA target around 40%; CD Ratio ~80%.
• Recoveries: NCLT ₹500 Cr; AUC ₹1,200–1,500 Cr.
• Digital expansion: VBX, CBDC wallet, AI-driven SLICE, INDSMAT.

Risks & Mitigation

• Slippage ratio 0.69% annualized; credit cost ~0.22%.
• GNPA trajectory; PCR ~98%; robust provisioning.
• Macro credit risk and asset quality pressure.

Governance & Leadership

• GoI stake 73.84%; governance policies including AI and ethics.
• JV with Sompo (28.52% bank stake); stock broking subsidiary.
• Wholly owned subsidiary established 2024; expanding deposits, mortgage sourcing.

Standalone highlights

• Total income Q2: Rs 23,058.62 crore.
• Net profit after tax Q2: Rs 3,462.24 crore.
• Half-year net profit after tax: Rs 6,735.33 crore.
• Basel III CAR: 16.21%; CET1: 15.18%.
• Gross NPAs: Rs 11,612.52 crore; gross NPA 1.61%.
• Net NPAs: Rs 982.90 crore; net NPA 0.14%.
• Deposits: Rs 874,036.03 crore; Advances: Rs 711,351.99 crore.
• NSE listing income: Rs 1,386.67 crore.
• Standalone half-year cash from operations: Rs 17,835.73 crore.
• Total standalone debt: Rs 77,195 crore.

Consolidated highlights

• Consolidated Q2 total income: Rs 23,335.98 crore.
• Consolidated half-year total income: Rs 44,333.36 crore.
• Consolidated Q2 net profit after tax: Rs 3,540.71 crore.
• Consolidated half-year net profit after tax: Rs 6,897.34 crore.
• Consolidated Basel III CAR: 16.41%; CET1: 15.40%.
• Consolidated net profit after tax (quarter): Rs 3,540.71 crore.
• Consolidated debt outstanding: Rs 77,195 crore.
• Consolidated cash from operations: Rs 17,845.17 crore.
• Consolidated cash flow from financing: Rs -2,458.21 crore.

Fund raising plan

• Long-term Infrastructure Bonds up to Rs 5,000 crore.
• AT1/Tier-2 Bonds up to Rs 2,000 crore.

Segment performance (Standalone)

• Treasury revenue: Rs 6,498.90 crore.
• Corporate/Wholesale Banking: Rs 7,077.23 crore.
• Retail Banking: Rs 8,962.82 crore.
• Digital Banking: Rs 0.83 crore.
• Other Retail Banking: Rs 8,961.99 crore.
• Other Banking operations: Rs 797.03 crore.

Geography & assets

• Domestic revenue: Rs 22,235.03 crore.
• Foreign revenue: Rs 823.59 crore.

Balance sheet & liquidity (standalone snapshot)

• Deposits: Rs 874,036.03 crore.
• Borrowings: Rs 77,195.00 crore.
• Net worth: Rs 72,062.67 crore.
• Reserves & Surplus: Rs 83,609.75 crore.

Related party transactions

• USGICL: services rendered Rs 0.53 crore; services received Rs 0.05 crore.
• USGICL: dividend paid Rs 3.68 crore; commission Rs 11.53 crore.
• ASREC (India) Ltd.: SR redemption Rs 4.07 crore.
• Key Managerial Personnel: MD & CEO Rs 23.02 lakh; EDs Rs 30.04, 22.98, 22.98 lakh.

Meeting Details

• Date: 28 September 2026; one-to-one investor meeting; mode: virtual.
• Organizer: Indian Bank.

Participants

• Company participants: Bank representatives (investor relations) attended.

Purpose

• Purpose of meeting: investor interaction; discussed only publicly available information.

Executive Director tenure extension

• Extension of tenure for Shri Shiv Bajrang Singh, Executive Director, till 28 February 2027 or until further orders.
• Government notification No. eF.No.4/1/(iv)/2025-BO.I dated 23.09.2026 extended the tenure.
• Shri Shiv Bajrang Singh is not related to other Bank Directors.
• Shri Shiv Bajrang Singh is not debarred from holding office by SEBI or any authority.
• No change to other governance or board structure disclosed.

Indian Bank: Trading Window closed from 01 Oct 2026 until expiry of forty-eight hours after declaration of financial results for the Second Quarter and Half Year period of FY 2026-27 ending on 30 September 2026

Interest payment on LTIB Series I

• Interest payment on LTIB Series I (ISIN INE562A08099) was paid on 15 September 2026.
• Issue size is Rs 5,000 crore.
• Interest amount due and paid: Rs 362 crore.
• Payment frequency: annually; due date 15.09.2026; actual payment 15.09.2026.
• Payment made on the next business day due to weekend and Ganesh Chaturthi.
• Record date: 29.08.2026.
• Last interest payment date: 15.09.2025.
• No additional interest payable due to payment on next business day.

OFS sale details

• Indian Bank to divest 15 lakh NSE shares (17.91%) via OFS in NSE IPO by Sept 2026.
• Consent letter for OFS executed on 09 September 2026.
• End-September 2026 indicative completion of sale.
• Consideration to be received post OFS.
• Bank is tendering NSE equity shares in the proposed IPO.
• Not a related-party transaction; not part of a scheme of arrangement.
• Dividend from NSE for FY2025-26: ₹29,31,25,000.
• Sale subject to regulatory approvals.