Indian Bank's Q2 advances jumped 16.6% year‑on‑year to ₹7.23 lakh crore, lifting total business to ₹15.96 lakh crore — its highest in 14.2% YoY growth. The rally comes as total deposits rose 12.4% YoY to ₹8.73 lakh crore, keeping the bank’s current‑account/savings ratio at 39.28%.
CEO Binod Kumar said the bank remains on track to hit FY27 targets, noting a 9–11% deposit growth forecast and 11–13% advances target for the full year. He added the outlook might be revisited after the quarter if the trend persists, amid macro‑economic uncertainty.
Margin expectations are modest, with Kumar projecting a slight improvement as interest‑rate pressures ease. Credit costs are expected to stay below 1%, and no capital raise is deemed necessary at present.
For context, Indian Bank’s Q1 FY27 net interest income reached ₹7,435 crore, and profit after tax hit ₹3,273 crore. The bank’s shares closed at ₹793.90 on NSE, down ₹12 or 1.49% ahead of the update.
Looking ahead, analysts will watch for a potential guidance revision and the bank’s ability to sustain the advance momentum through the rest of FY27.