Indian Bank declared a dividend of ₹18.25 per share for the financial year 2025-26 at its twentieth Annual General Meeting held on June 17, 2026. The bank's shareholders approved the dividend, which translates to 182.50% of the paid-up equity capital, alongside the adoption of the audited financial statements for the year ended March 31, 2026. The record date for determining dividend eligibility was fixed as June 10, 2026. In a separate development, the bank has also announced plans to raise $1.5 billion through Foreign Currency Non-Resident [Bank] — FCNR(B) — deposits, signalling continued momentum in its capital mobilisation strategy.

Financial Performance

The bank reported a 12.79% year-on-year growth in total business, which reached ₹14.95 lakh crore. Deposits grew by 12.29% to ₹8.28 lakh crore, while gross advances increased by 13.43% to ₹6.67 lakh crore. Net profit rose by 11% to ₹12,156 crore, supported by a net interest income of ₹26,915 crore. Asset quality improved significantly, with Gross Non-Performing Assets (GNPA) declining to 1.98% and Net Non-Performing Assets (NNPA) reducing to 0.15%.

Key Operational Metrics

The bank maintained a credit-deposit ratio of nearly 81% and a domestic Net Interest Margin (NIM) of 3.36%. Priority Sector Advances constituted 41% of Adjusted Net Bank Credit (ANBC), exceeding the regulatory requirement of 40%. The Capital Adequacy Ratio (CAR) stood strong at 17.93%, while Return on Assets was 1.31% and Return on Equity moderated to 19.53%.

Shareholder Approvals

Shareholders approved the re-appointment of Shri Ashutosh Choudhury as Executive Director for a period of three years effective from May 3, 2026. A special resolution was passed to authorize the Board to raise equity capital aggregating up to ₹5,000 crore, including premium, through Qualified Institutions Placement (QIP), Follow on Public Offer (FPO), Rights Issue, or a combination thereof. The funds will be raised in one or more tranches subject to regulatory approvals.

FCNR(B) Fund Raise

In addition to the approved equity capital raise, Indian Bank has announced plans to mobilise $1.5 billion through FCNR(B) deposits. FCNR(B) accounts are foreign currency-denominated term deposits maintained by Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs), and are a common instrument used by Indian banks to attract foreign currency inflows. This latest fundraising initiative further broadens the bank's capital mobilisation efforts alongside the ₹5,000 crore equity raise already approved by shareholders.

Indian Bank announced that Shri Sudhanshu Gaur, General Manager of the International Banking Division, demitted office on June 30, 2026, upon superannuation. Consequently, he ceased to be Senior Management Personnel of the bank effective July 1, 2026. The disclosure was submitted to the stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The bank informed the National Stock Exchange of India Limited and BSE Limited regarding the change in its senior management personnel. The notification detailed that Gaur's departure was due to superannuation, marking the end of his tenure as General Manager of the International Banking Division.

Management Change Details

The following table outlines the key details regarding the management change:

The filing was signed by Dina Nath Kumar, AGM & Company Secretary, on behalf of Indian Bank. The bank's shares are listed on the NSE under the symbol INDIANB and on the BSE with the scrip code 532814.