Indian Bank Q2 Net profit rises 11.5%

 On Thursday, October 16, Indian Bank, a public sector lender, announced that its net profit for the second quarter of the current fiscal year increased by 11.5% year over year to ₹3,018 crore from ₹2,706 crore during the same time the previous year. 

The difference between interest earned and interest spent, or the bank's net interest income (NII), increased 6% year over year to ₹6,551 crore from ₹6,195 crore in the same quarter last year. Indian Bank continued its upward trajectory in asset quality. 

 While the net non-performing assets (NPA) ratio improved sequentially to 0.16% from 0.18%, the gross NPA ratio decreased to 2.60% from 3.01% in the prior quarter.

Compared to ₹691 crore in the previous quarter and ₹1,100 crore in the same quarter last year, the lender's provisions for the quarter came to ₹739 crore, indicating a decrease in provisioning needs as asset quality continued to improve.

 Indian Bank shares increased 2.52% to trade at ₹794.80 on Thursday after the results were announced. As of now in 2025, the stock has risen by around 55%, continuing its tremendous upward trajectory.