Indian Bank reported Q2 fresh slippages of ₹11.4B, declining from ₹12.5B QoQ. The reduction in fresh slippages indicates an improvement in credit quality trends.

ScoutQuest • 17 hours ago

Indian Bank Q2 net profit rose 14.8% YoY to ₹3462 Cr, supported by a 17.9% increase in NII. Asset quality strengthened with GNPA dropping to 1.7%, while advances grew 16.4% YoY to ₹721982 Cr.

Business Standard • 17 hours ago

Indian Bank and South Indian Bank rallied up to 5% from day's lows following their Q2 earnings announcements. Indian Bank's Q2 net profit rose 14.7% YoY to ₹3,462.3 crore, while South Indian Bank's profit surged 21.3%.

ScoutQuest • 18 hours ago

Indian Bank stock fell 3% to hit the day's low following a negative reaction to reported numbers. Broader PSU banking stocks were also trading lower during the session.

BSE • 19 hours ago

Indian Bank reported a standalone net profit of Rs 3,462.3 crore for Q2, up from Rs 3,018.3 crore YoY. The board approved raising up to Rs 5,000 crore via infrastructure bonds and Rs 2,000 crore via AT1/Tier-2 bonds.

Livesquawk • 19 hours ago

Indian Bank's Q2 GNPA rose to 1.7% from 1.4% quarter-on-quarter. The bank's Q2 NNPA improved to 0.2% from 0.3% sequentially.

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