Indian Bank reported a provisional total business of ₹15.96 lakh crore for the quarter ended September 30, 2026, marking a 14.2% year-on-year (YoY) increase.

The bank's gross advances expanded 16.6% YoY to ₹7.23 lakh crore, outpacing the growth in total deposits, which rose 12.4% YoY to ₹8.73 lakh crore. The Current Account Savings Account (CASA) ratio for domestic operations stood at 39.28% as on September 30, 2026.

Key financial metrics

The following table outlines the provisional business figures compared with the previous year and the preceding quarter:

Note: Figures are provisional and subject to review by the Statutory Central Auditors.

What the Numbers Show

Gross advances grew faster than total deposits in Q2FY27, with advances rising 16.6% YoY against deposit growth of 12.4% YoY. This divergence suggests an increasing loan-to-deposit ratio, indicating that the bank is deploying its funds more aggressively into credit than it is gathering new deposits relative to the prior year period. Additionally, while the overall CASA ratio remained stable near 39%, the Current Account (CA) deposits surged 27.5% YoY, significantly outpacing the 10.8% growth in Savings Bank (SB) deposits.

Indian Bank representatives conducted a virtual one-to-one interaction with Dymon Asia Capital on September 28, 2026. The meeting focused exclusively on information already available in the public domain.

Interaction details

The bank disclosed the meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The interaction took place via a virtual mode, ensuring remote participation for both parties involved in the discussion.

Disclosure compliance

Indian Bank stated that no non-public information was shared during the session. The disclosure serves as a formal record for the National Stock Exchange and BSE, confirming adherence to regulatory transparency standards regarding analyst and investor interactions.