Indian Bank has announced its business update for the third quarter of FY26, reporting total business of ₹14.30 lakh crore as of December 31, 2025. The public sector bank filed this disclosure under SEBI Regulation 30, highlighting strong year-on-year growth across key business metrics with gross advances rising 14.5% and total deposits increasing 12.5% year-over-year.

Strong Business Growth Performance

The bank's total business registered a robust 13.4% year-on-year growth, increasing from ₹12.61 lakh crore in December 2024 to ₹14.30 lakh crore in December 2025. This growth was supported by healthy expansion in both deposit and lending portfolios, demonstrating the bank's strong operational momentum.

Deposit Portfolio Expansion

The bank's deposit base grew significantly, with total deposits reaching ₹7.90 lakh crore, representing a 12.5% increase compared to the same period last year. Savings bank deposits stood at ₹2.52 lakh crore with 7.7% growth, while current account deposits showed stronger momentum at ₹0.43 lakh crore with 19.4% year-on-year growth.

The domestic CASA ratio was recorded at 39.02% as of December 2025, compared to 40.00% in December 2024 and 40.17% in March 2025, indicating a slight decline but maintaining healthy levels.

Lending Portfolio Performance

Gross advances demonstrated strong growth of 14.5%, reaching ₹6.40 lakh crore in December 2025 from ₹5.59 lakh crore in the corresponding period of the previous year. The retail, agriculture and MSME (RAM) segment in the domestic portfolio showed particularly robust performance, leading the bank's lending growth strategy.

The RAM portfolio recorded the highest growth rate at 17.0%, increasing from ₹3.35 lakh crore to ₹3.92 lakh crore year-on-year, reflecting the bank's focus on priority sector lending.

Regulatory Compliance

The business update was filed in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. The bank noted that the December 2025 figures are provisional and subject to review by the statutory central auditors.

Indian Bank has announced the promotion of Shri Navin Kumar Shrivastava to the position of Chief General Manager-Chief Risk Officer (CRO), effective January 1, 2026. The appointment represents a significant advancement in the bank's senior management structure and was disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Transition Details

The promotion involves Shrivastava's transition from his current role as General Manager in the Risk Management Department to the elevated position of Chief General Manager-Chief Risk Officer. This change reflects the bank's focus on strengthening its risk management framework through experienced leadership.

Professional Background and Qualifications

Shri Navin Kumar Shrivastava brings substantial expertise to his new role, with over 31 years of rich banking experience. His educational and professional qualifications demonstrate a strong foundation in banking and risk management.

Key Qualifications:

• Engineering graduate
• Diploma in Treasury, Investment and Risk Management
• Diploma in International Banking and Finance
• Certified Associate of Indian Institute of Bankers (CAIIB)
• Over 31 years of banking experience

Regulatory Compliance

The announcement was made through the bank's Investor Services Cell and communicated to stakeholders as required under SEBI regulations. The disclosure ensures transparency in senior management changes and provides investors with relevant information about leadership transitions within the organization.

The appointment of an experienced professional like Shrivastava to the Chief Risk Officer position underscores Indian Bank's commitment to maintaining robust risk management practices. His extensive background in risk management, combined with his comprehensive banking experience, positions him well to oversee the bank's risk framework in his new capacity.