Indian Bank announced its Q2 FY25 results, showing significant improvement in asset quality on a quarter-over-quarter basis. The bank’s Gross Non-Performing Assets (GNPA) declined to 3.48% from 3.77% in the previous quarter, while Net NPA reduced to 0.27% from 0.39%, highlighting strengthened asset management and recovery efforts.
Quarter-over-Quarter (QoQ) Highlights:
- Gross NPA (GNPA): Improved to 3.48%, down from 3.77% in Q1 FY25.
- Net NPA: Lowered to 0.27%, compared to 0.39% in the last quarter.
Year-over-Year (YoY) Highlights:
- Net Profit: ₹2,706.44 crore, a 36% increase from ₹1,987.76 crore in Q2 FY24.
- Interest Earned: ₹15,347.58 crore, reflecting continued business growth.
Indian Bank’s consistent focus on asset quality improvement underscores its solid credit risk management, positively impacting its profitability and financial stability.
[Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions.]
