Indian Bank share price target

Smooth ECL related absorption to aid steady RoA for FY27 Diversified loan mix with RAM (retail/agri/MSME) forming ~66% of book Q4FY26 performance: Indian Bank reported steady Q4FY26 performance, with advances growing 13.4% YoY (4.4% QoQ) to 6.67 lakh crore, driven by continued traction in RAM segments (15.2% YoY), particularly retail (18.7%) and MSME (16.4%), while corporate growth remained moderate at 9.2%. Deposits grew 12.3% YoY (4.6% QoQ) to 8.28 lakh crore, with CASA ratio broadly stable at ~39.7% (+60 bps QoQ). NII rose 11.3% YoY (3.1% QoQ) to 7,109 crore, while NIM moderated to...

Indian Bank delivered steady performance for another quarter, with RoA/RoE coming in at 1.3/15.9%, broadly in-line with expectation. Asset quality remained healthy, with gross/net slippages at 89/51bps, indicating continued normalisation across segments.

Indian Bank (INBK) reported 4QFY26 PAT of INR31.0b, up 5% YoY (5% miss), amid higher-than-expected provisions (additional provision of INR3.1b on West Asia crisis) as well as higher tax.

Q3FY26 performance: Indian Bank delivered a steady operating performance. Gross advances grew 14.2% YoY (3.3% QoQ) to 6.39 lakh crore, led by sustained traction in RAM portfolio, while deposits rose 12.6% YoY (2% QoQ) to 7.91 lakh crore, with CASA ratio at 39.1%. NIM improved 5 bps QoQ to 3.28%, aided by deposit repricing, improving yield dynamics and CRR benefit. Opex rose 18% YoY, largely driven by higher insurance cost (DICGC premium). Provisions increased to 1,963 crore (up 8% QoQ), primarily due to higher precautionary buffers, led by an increase in SMA-1 provisioning from 5% to 10% (380 crore), partly offset by benign...

Indian Bank (INBK) reported 3QFY26 PAT of INR30.6b, up 7% YoY (inline). NII grew 7% YoY/5% QoQ to INR69b (in line). NIM expanded 5bp QoQ to 3.28%. Advances grew 15.4% YoY/3.4% QoQ and deposits rose 12.6% YoY/1.8% QoQ.

Indian Bank (INBK) continues to rank among the best performing PSBs, and our recent interaction with the MD and CEO, Binod Kumar reaffirms the bank’s firm focus on delivering sustainably higher profitability over growth.

Diversified loan mix with RAM (retail/agri/MSME) forming ~66% to book Q2FY26 performance: Indian Bank posted a healthy performance in Q2FY26 with balanced growth, strong recoveries, and sustained profitability. Advances grew 12.6% YoY (3.2% QoQ) led by RAM segment (5.6% QoQ), while deposits increased 12.1% YoY (4.4% QoQ) with CASA ratio stable at 38.9%. NIM remained resilient at 3.23% (1 bp QoQ), aided by lower funding cost and stable yields. PAT rose 11.5% YoY (1.5% QoQ) to 2,332 crore, supported by healthy other income from PSLC fees, treasury gains, and interest on IT refund. Asset quality improved further with...

Indian Bank (INBK) maintains its superior performance, with PAT at Rs30bn and RoA at 1.3%, backed by strong growth of ~14% YoY, stable margins (@3.2%), and contained provisions.

Indian Bank (INBK) reported 1QFY26 PAT of INR29.7b (up 23.7% YoY/flat QoQ, 5% beat), driven by lower provisions.

Decent operating performance and modest provisioning led to Indian Bank’s strong profitability, with RoA at 1.34% (down 3bps q/q). Headline asset quality and PCR improved.

Indian Bank has been one of the best performing PSBs for several years now. Our recent interaction with its new MD and CEO Binod Kumar reconfirms the company’s unwavering focus on profitability over growth.

Indian Bank (INBK) reported a 4QFY25 PAT of INR29.6b (up 31.6% YoY/ 3.6% QoQ; 4% beat), driven by lower provisions and higher other income. NII grew 6.2% YoY/flat QoQ (in line) at INR63.9b. NIM dipped 8bp QoQ to 3.37% during the quarter.

Indian Bank reported healthy credit growth at ~11% YoY/5.3% QoQ, but NIMs retraced to 3.4% levels (similar to Q2) due to impact of recent policy rate cuts. However, higher NPA recoveries/PSL fees and lower provisions led to a 4% beat on PAT at ~Rs29.6bn and peer-best RoA at 1.4%.

Improved operating performance and moderate provisions led to Indian Bank’s strong profitability, with RoA up 6bps q/q to 1.39%. Headline asset quality and PCR improved. Ahead, we expect slippages to be modest. With stress from the legacy book recognised, the focus now shifts to profitability.

Indian Bank consciously slowed down credit growth in 3Q to ~11% YoY to protect its margins, which manifested via a 6bps QoQ improvement in NIM to 3.45%, defying industry trend.

Indian Bank (INBK) reported 2QFY25 PAT of INR27.06b (36% YoY, 6% beat), driven by lower provisions and higher other income.

PSBs, including Indian Bank, have seen a correction in the recent past amid concerns around slowing growth (so also banking system) and peaking RoAs.

Indian Bank (INBK) reported 1QFY25 PAT of INR24b (41% YoY, 9% beat), driven by lower provisions (as the bank reversed INR970m on account of the sale of stressed assets in 1Q).