Indian Bank announced Q4FY23 & FY23 results: Q4FY23: Net profit up by 47% YoY at Rs 1,447 crore in Q4FY23 from Rs 984 crore in Q4FY22 Operating profit up by 47% YoY at Rs 4,016 crore in Q4FY23 from Rs 2,738 crore in Q4FY22 Net interest income increased by 29% YoY to Rs 5,508 crore in Q4FY23 from Rs 4,255 crore in Q4FY22 Fee-based income grew by 12% YoY to Rs 914 crore in Q4FY23 Cost-to-income ratio improved to 46.47% in Q4FY23 from 53.03% in Q4FY22 Domestic NIM improved to 3.59% in Q4FY23 from 2.87% in Q4FY22 Return on assets (RoA) improved to 0.82% in Q4FY23 from 0.62% in Q4FY22 Return on equity (RoE) increased to 15.48% in Q4FY23 from 11.70% in Q4FY22 Advances increased by 14% YoY to Rs 4,73,586 crore in Q4FY23 from Rs 4,15,625 crore in Q4FY22 RAM (retail, agriculture & MSME) advances grew by 12% YoY to Rs 2,72,679 crore in Q4FY23 from Rs 2,42,700 crore in Q4FY22 RAM contribution to gross domestic advances is 61%. Retail, agri & MSME advances grew by 13%, 16% & 7% YoY respectively. Home loan (Including mortgage) grew by 11% YoY, auto loan by 28% YoY and personal loan by 46% YoY Deposits increased by 5% YoY and reached Rs 6,21,166 crore in Q4FY23 CASA ratio stood at 42% GNPA decreased by 252 bps YoY to 5.95% in Q4FY23 from 8.47% in Q4FY22, NNPA reduced by 137 bps to 0.90% from 2.27% in Q4FY22 Provision coverage ratio (PCR, including TWO) improved by 644 bps YoY to 93.82% from 87.38% in Q4FY22 Capital adequacy ratio at 16.49%. CET-I improved by 36 bps YoY to 12.89% Tier I capital improved by 31 bps YoY to 13.48% FY23: Net profit up by 34% YoY to Rs 5,282 crore in FY23 from Rs 3,945 crore in FY22 Operating profit increased by 20% YoY at Rs 15,271 crore in FY23 from Rs 12,717 crore in FY22 Net interest income grew by 21% to Rs 20,225 crore in FY23 from Rs 16,728 crore in FY22 Return on assets (RoA) increased to 0.77% in FY23 from 0.63% in FY22 Return on equity (RoE) improved to 14.73% in FY23 from 12.13% in FY22 Cost-to-income ratio improved to 44.20% in FY23 from 46.21% in FY22 Net interest margin (NIM) domestic increased by 50 bps to 3.41% in FY23 from 2.91% in FY22 The board of directors has recommended a dividend of Rs 8.60 per equity share (86%) for FY23 subject to requisite approvals Result PDF