Indian Bank Financial Results for the Quarter/Nine Month ended 31st December 2024

Key Highlights (Quarter ended Dec’24 over Dec’23)

Bank’s Global Business is at ₹12.61 lakh Cr, up by 8% YoY

Net Profit up by 35% YoY at ₹2852 Cr in Dec’24 from ₹2119 Cr in Dec’23
Operating Profit improved by 16% YoY to ₹4749 Cr in Dec’24 from ₹4097 Cr in Dec’23
Net Interest Income increased by 10% YoY to ₹6415 Cr in Dec’24 from ₹5815 Cr in Dec’23
Fee based income grew by 9% YoY to ₹931 Cr in Dec’24 from ₹852 Cr in Dec’23
Return on Assets (RoA) up by 28 bps to 39% in Dec’24 from 1.11% in Dec’23
Return on Equity (RoE) increased by 108 bps to 00% in Dec’24 from 19.92% in Dec’23
Yield on Advances (YoA) up by 14 bps to 92% in Dec’24 from 8.78% in Dec’23
Yield on Investments (YoI) increased by 32 bps to 12% in Dec’24 from 6.80% in Dec’23
Cost-to-Income Ratio reduced by 234 bps to56% in Dec’24 from 46.90% in Dec’23
Gross Advances increased by 10% YoY to ₹559199 Cr in Dec’24 from ₹509800 Cr in Dec’23
RAM (Retail, Agriculture & MSME) advances grew by 13% YoY to ₹334739 Cr in Dec’24 from ₹296845 Cr in Dec’23
RAM contribution to gross domestic advances stood at 35%. Retail, Agri & MSME advances grew by 16%, 13.5% and 8% YoY respectively. Home Loan (including mortgage) grew by 12% YoY in Dec’24
Priority sector advances as a percentage of ANBC stood at 85% (₹192761 Cr) in Dec’24 as against the regulatory requirement of 40%
Total Deposits increased by 7% YoY and reached to ₹702282 Cr in Dec’24 as against ₹654154 Cr in Dec’23. Current, Savings & CASA deposits grew by 5%, 3.5%, and 4% YoY respectively
Domestic CASA ratio stood at 40% as on 31^st Dec’24
CD ratio stood at63% as on 31^st Dec’24
GNPA% decreased by 121 bps YoY to 26% in Dec’24 from 4.47% in Dec’23, NNPA% reduced by 32 bps to 0.21% in Dec’24 from 0.53% in Dec’23
Provision Coverage Ratio (PCR, including TWO) improved by 219 bps YoY to 09% in Dec’24 from 95.90% in Dec’23
Slippage Ratio improved by 50 bps to 78% in Dec’24 from1.28% in Dec’23
Capital Adequacy Ratio improved by 34 bps to 92%. CET-I improved by 91 bps YoY to 13.27%, Tier I Capital improved by 89 bps YoY to 13.77% in Dec’24

Key Highlights (Quarter ended Dec’24 over Sep’24)

Earnings Per Share (EPS) increased by 26% to ₹84.70 in Dec’24 from ₹67.12 in Dec’23
Net Profit up by 5% QoQ to ₹2852 Cr in Dec’24 from ₹2707 Cr in Sep’24
Return on Assets (RoA) improved by 6 bps to 39% in Dec’24 from 1.33% in Sep’24
Yield on Advances (YoA) improved by 15 bps to 92% in Dec’24 from 8.77% in Sep’24
NIM (Domestic) increased by 8 bps to57% in Dec’24 from 3.49% in Sep’24

GNPA decreased by 22 bps to 26% in Dec’24 from 3.48% in Sep’24, NNPA reduced by 6 bps to 0.21% in Dec’24 from 0.27% in Sep’24
Slippage ratio decreased to78% in Dec’24 from 1.06% in Sep’24.
Credit Cost decreased by 18 bps to47% in Dec’24 from 0.65% in Sep’24

Key Highlights (Nine Months ended Dec’24 over Dec’23)

Net Profit up by 37% YoY to ₹7962 Cr in 9MFY25 from ₹5816 Cr in 9MFY24
Operating Profit increased by 5% YoY to ₹13980 Cr in 9MFY25 from ₹12535 Cr in 9MFY24
Net Interest Income grew by 9% YoY to ₹18787 Cr in 9MFY25 from ₹17258 Cr in 9MFY24
Net Interest Margin (NIM) Domestic stood at53% in 9MFY25
Return on Assets (RoA) improved by 27 bps to 31% in 9MFY25 from 1.04% in 9MFY24
Return on Equity (RoE) increased by 137 bps to62% in 9MFY25 from 19.25% in 9MFY24
Cost-to-Income Ratio reduced by 50 bps to67% in 9MFY25 from 45.17% in 9MFY24

Network:

The Bank has 5877 domestic branches (including 3 DBUs), out of which 1987 are Rural, 1543 are Semi-Urban, 1179 are Urban & 1168 are in Metro category. The Bank has 3 overseas branches & 1 IBU (Gift City Branch).
The Bank has 5224 ATMs & BNAs and 13292 number of Business Correspondents (BCs).

Digital Banking:

Business of ₹1,18,981 Cr has been generated through Digital Channelsin 9MFY25. A total of 117 Digital Journeys, Utilities and Processes have been launched so far.
Number of Mobile Banking usershas grown by 18% year over year, reaching 86 Cr.
UPI usersand Net Banking Users have seen a 24% & 9% YoY increase respectively, reaching 04 Cr and 1.12 Cr respectively.
The Credit Card users increased by 52% YoY to 83 lakh. The transactions in Point of Sale (PoS) terminalshas increased by 23% YoY, reaching to 35 lakh.

Awards & Accolades:

The Bank received prestigious SKOCH Award for “Project WAVE”, an Indian Bank’s digital transformation journey and for “SMA Collection Proclivity Predictor”– a model built to predict the probability of default for Special Mention Accounts (SMA) and reduce risks by outlining a targeted collection journey.
The Bank was honoured with the “Best Public Sector Bank” award in the organisational category and the MD & CEO of the Bank received “CEO of the Year” award at Tamil Nadu Leadership Awards 2024.
The Vertical Head of CMS/SCF conferred with PT100 Leadership Award as an “Innovator & Disruptor in Asia Pacific” at the Payments Transformers conference in Singapore.

In the 9^th Banking Leadership Summit 2024 of Indian Investors Federation, the Bank received award for “Best Infrastructure & Ambience in UP”, “Best Marketing Strategies for business in the year 2024 in UP” and runner up for “Banker of the Year 2024”.
In the IBA Annual Banking Technology Conference, 2024 – Special Mention under Large Bank segment, the Bank received award for “Best Digital Sales, Payments & Engagement”, “Best Tech Talent & Org., “Best AI and ML Adoption” and “Best FI”.
During the 5^th Annual BFSI Technology Excellence Awards 2024, the Bank was awarded “Best Cloud Initiative of the Year” – ET Edge recognition 2024 and “Best Team Project in Cloud Implementation (PSB)”.

Our Focus

Our focus is to deliver value-added, innovative and tailored solutions to the customers through omni-channel experience and with dedicated and skilled workforce. We will focus on achieving compliant, sustainable and inclusive growth, with a clear emphasis on customer service, CASA, MSME, and continued digital transformation.

We aim to become preferred choice of customer for catering to all financial & banking needs.