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Indian Bank's Q2 Business Soars: Advances Up 17%, Total Business Nears ’16 Lakh Crore
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CNBC TV18•01-10-2026, 21:31
Indian Bank's Q2 Business Soars: Advances Up 17%, Total Business Nears ’16 Lakh Crore
- •Indian Bank reported a significant business momentum in Q2 FY27, with total business reaching ’15.96 lakh crore, a 14.2% year-on-year increase.
- •Advances grew by 16.6% year-on-year to ’7.23 lakh crore, while total deposits increased by 12.4% year-on-year to ’8.73 lakh crore.
- •The bank's CASA ratio stood at 39.28% in Q2 FY27, showing a slight change from the previous quarter and a year earlier.
- •Managing Director and CEO Binod Kumar expressed confidence in achieving FY27 growth targets, citing strong momentum in retail, MSME, and corporate lending.
- •Indian Bank anticipates modest improvement in margins, stable asset quality, and no immediate need for capital raising, targeting credit costs below 1%.
Key Questions Answered
Indian Bank reported a total business rise of 14.2% year-on-year to reach ₹15.96 lakh crore for the second quarter of FY27. Advances grew by 16.6% year-on-year to stand at ₹7.23 lakh crore.
Indian Bank reiterated its full financial year guidance targeting 9–11% deposit growth and 11–13% advances growth.
The bank's current account, savings account (CASA) ratio stood at 39.28% at the end of Q2 FY27, compared to 39.73% in the previous quarter and 38.87% a year earlier.
