Indian Bank's Q2 profit climbs 14.7%, but shares slide more than 3%
Indian Bank's September-quarter report shows net interest income up 17.8% and better asset quality, yet the stock dropped over 3% on the day.
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what happened
Indian Bank's stock lost more than 3% on Thursday, 15 October, after the lender released its September-quarter results. Standalone net profit rose 14.7% year on year to ₹3,462 crore from ₹3,018 crore.
Net interest income climbed 17.8% to ₹7,719 crore from ₹6,551 crore. Other income reached ₹3,953 crore, compared with ₹2,487 crore in Q2FY26. That figure included ₹1,386.67 crore from the NSE listing, made up of a realised gain of ₹252.50 crore on the offer for sale and a ₹1,134.17 crore revaluation gain. Operating profit increased to ₹7,090 crore from ₹4,837 crore.
Asset quality got better: gross NPAs fell to 1.61% at September 30, 2026, from 1.86% a quarter earlier and 2.60% a year ago, while net NPAs eased to 0.14%. Provisions and contingencies, excluding tax, however rose to ₹2,222 crore from ₹1,196 crore in the previous quarter. According to CNBC-TV18, the board also approved raising up to ₹7,000 crore through non-equity instruments, including infrastructure bonds of up to ₹5,000 crore and Basel III-compliant AT1 and Tier 2 bonds of up to ₹2,000 crore, in one or more tranches.
why it matters
The key detail for markets is that provisions grew faster than bad loans declined, and the sell-off matched weakness across the PSU bank sector. The stock is still positive year to date.
tags
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sources
- Indian Bank Q2 Results: Net Interest Income grows 18%, asset quality improves; shares fall over 3% — cnbctv18.com, 15 October 2026 at 07:59 UTC
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