Indian Bank Q4 profit soars 32% to ₹2,956 crore helped by improvement in core income
The Hindu
Indian Bank reports 32% profit increase to ₹2,956 crore in March quarter 2024-25, boosted by core income growth.
State-owned Indian Bank on Saturday (May 3, 2025) reported a 32% jump in net profit to ₹2,956 crore for the March quarter of 2024-25, helped by a decline in bad loans and a rise in core income.
The Chennai-based lender had earned a net profit of ₹2,247 crore in the year-ago period.
During the quarter, the bank's total income increased to ₹18,599 crore from ₹16,887 crore a year ago, Indian Bank said in a regulatory filing.
Interest income grew to ₹15,856 crore from ₹14,624 crore in the fourth quarter of the previous financial year. Net Interest Income (NII) in the quarter also improved to ₹6,389 crore from ₹6,015 crore in the same period a year ago.
On the asset quality front, the bank's gross Non-Performing Assets (NPAs) moderated to 3.09% of gross advances as compared to 3.95 per cent by the end of March 2024.
Similarly, Net NPAs came down to 0.19% of the net advances over 0.43% at the end of 2024.
Provision Coverage Ratio of the bank rose to 98.10% as of March 31, 2025, from 96.34% at the end of the previous year.
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