Indian Bank Q4 Profit Rises 35% YoY

5 Apr 2025 , 11:35 PM

Indian Bank concluded March 2024 quarter on a positive note as business stood at ₹13.25 lakh crore, rising by 5.1% from ₹12.61 lakh crore in the earlier quarter.

Deposits recorded steady growth with a 5% rise to ₹7.37 lakh crore from ₹7.02 lakh crore in Q3. Advances and loans also gained speed, rising by 5.2% quarter-on-quarter at ₹5.88 lakh crore from ₹5.59 lakh crore. The bank’s net profit of ₹2,852 crore for Q4 FY24 was 35% higher than last year’s corresponding-quarter figure of ₹2,119 crore.

The most important highlight was the expansion in net interest income (NII), which increased 10.3% to ₹6,415 crore from ₹5,814 crore in the earlier quarter. Asset quality also continued on an upswings trend, gross NPAs came down to 3.26% from 3.48% last quarter, and net NPAs came down to 0.21% from 0.27%.

Indian Bank’s operating margin also increased, rising to 26.52% in Q4 from 25.45% in the same period last year. Net profit margin also appeared healthier at 15.92%, from 13.16% year-on-year. On strong business growth, good profits, and improved asset quality, Indian Bank ended the FY24 in a positive fashion.