State-owned Indian Bank on Saturday (May 3, 2025) reported a 32% bounce in internet profit to ₹2,956 crore for the March quarter of 2024-25, helped by a decline in dangerous loans and an increase in core income.
The Chennai-based lender had earned a internet profit of ₹2,247 crore in the year-ago interval.
During the quarter, the financial institution’s whole income elevated to ₹18,599 crore from ₹16,887 crore a 12 months in the past, Indian Bank mentioned in a regulatory submitting.
Interest income grew to ₹15,856 crore from ₹14,624 crore in the fourth quarter of the earlier monetary 12 months. Net Interest Income (NII) in the quarter additionally improved to ₹6,389 crore from ₹6,015 crore in the identical interval a 12 months in the past.
On the asset high quality entrance, the financial institution’s gross Non-Performing Assets (NPAs) moderated to 3.09% of gross advances as in contrast to 3.95 per cent by the tip of March 2024.
Similarly, Net NPAs got here down to 0.19% of the web advances over 0.43% on the finish of 2024.
Provision Coverage Ratio of the financial institution rose to 98.10% as of March 31, 2025, from 96.34% on the finish of the earlier 12 months.
The financial institution’s capital adequacy ratio rose to 17.94% from 16.44 per cent on the finish of FY24.
For all the monetary 12 months 2024-25, the financial institution reported a 35% enhance in profit at ₹10,918 crore as towards ₹8,063 crore in the earlier 12 months.
The financial institution’s whole income in the course of the monetary 12 months rose to ₹71,226 crore as towards ₹63,482 crore a 12 months in the past.
NII rose to ₹25,176 crore from ₹23,274 crore in the earlier 12 months. Net Interest Margin in the 12 months stood at 3.51% for the 12 months ended March 2025.
The financial institution’s board has advisable a dividend of 16.25 paise per fairness share of the face worth of ₹10 every for 2024-25 topic to the approval of the shareholders on the ensuing Annual General Meeting.
The board has additionally accredited elevating up to ₹7,000 crore by means of a mixture of fairness and bonds in the course of the ongoing monetary 12 months. Of this, the financial institution has taken approval for elevating fairness capital aggregating upto ₹5,000 crore (together with premium) by means of QIP or Rights Issue or in mixture.
Besides, it proposes to increase up to ₹2,000 crore by means of issuance of Basel III Compliant AT-1 Perpetual Bonds/Tier 2 Bonds in a number of tranches in the course of the present or subsequent monetary years primarily based on the requirement, it added.
Published – May 03, 2025 10:10 pm IST
