“…we have to inform you that a meeting of the Board of Directors of the Bank is scheduled to be held on Thursday, the 20th March 2025, inter alia, to consider a proposal regarding the Fund Raising plan of the bank,” Indian Bank said in a regulatory filing
For the third quarter, Indian Bank reported a 35% year-on-year rise in net profit to ₹2,852 crore, compared to ₹2,119 crore in the same quarter last year. The growth was supported by a 10.3% increase in net interest income (NII), which stood at ₹6,415 crore against ₹5,814 crore in Q3 FY24.
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The bank’s asset quality strengthened, with gross non-performing assets (NPAs) reducing to 3.26% from 3.48% in the previous quarter, while net NPAs declined to 0.21% from 0.27%.
The PSU lender maintained strong margins, with its operating margin rising to 26.52% in Q3 from 25.45% a year ago. Meanwhile, the net profit margin improved to 15.92% from 13.16% year-on-year.
On Thursday (March 13), shares of Indian Bank Ltd ended at ₹491.15, down by ₹2.50, or 0.51%, on the BSE.
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