Indian Bank delivered a robust financial performance for the third quarter of FY25, with net profit surging 35% year-on-year (YoY) to ₹2,852 crore, compared to ₹2,119 crore in the same quarter last year. The strong profit growth was driven by higher net interest income (NII), improved asset quality, and lower provisioning costs.
The bank’s NII rose sharply by 33.2% YoY to ₹6,415 crore, up from ₹5,814 crore in Q3 FY24, supported by strong loan growth and better interest spreads. Total income for the quarter stood at ₹18,167.54 crore, reflecting an 11.3% YoY rise from ₹16,315.35 crore in the previous year’s quarter.
On the asset quality front, Indian Bank demonstrated notable improvement. The gross non-performing assets (GNPA) ratio declined to 3.26% from 3.48% on a sequential basis, while the net NPA ratio improved to 0.21% from 0.27% in the previous quarter, indicating better credit quality and recovery efficiency.
The bank’s overall performance underscores its strong operational resilience, sustained profitability, and effective risk management, positioning it well for continued growth in the coming quarters.
