Chennai 360

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

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

• Net Profit up by 35%YoY at ₹2852Cr in Dec’24 from ₹2119 Crin Dec’23

• Operating Profitimproved by 16% YoY to ₹4749Crin Dec’24 from ₹4097 Cr in Dec’23

• Net Interest Income increased by 10% YoY to ₹6415 Crin Dec’24 from₹5815 Cr in Dec’23

• Fee based income grew by 9%YoY to ₹931 Crin Dec’24 from ₹852 Cr in Dec’23

• Return on Assets (RoA)up by 28 bps to1.39% in Dec’24from1.11% in Dec’23

• Return on Equity (RoE)increased by 108 bpsto 21.00%inDec’24from 19.92% in Dec’23

• Yield on Advances (YoA) up by 14bps to 8.92% in Dec’24 from 8.78% in Dec’23

• Yield on Investments (YoI) increased by 32 bps to 7.12% in Dec’24 from 6.80% in Dec’23

• Cost-to-Income Ratioreduced by 234 bps to 44.56% in Dec’24 from 46.90% in Dec’23

• Gross Advances increased by 10% YoY to ₹559199Crin Dec’24 from₹509800Crin Dec’23

• RAM (Retail, Agriculture & MSME) advances grew by 13%YoY to ₹334739Cr in Dec’24 from ₹296845Crin Dec’23

• RAM contribution to gross domestic advances stood at64.35%. Retail, Agri& MSME advances grew by 16%, 13.5%and 8%YoY respectively. Home Loan (including mortgage)grew by 12% YoYin Dec’24

• Priority sector advances as a percentage of ANBC stood at43.85%(₹192761Cr)in Dec’24 as against the regulatory requirement of 40%

• Total Deposits increased by 7% YoY and reached to ₹702282Crin Dec’24 as against ₹654154 Cr in Dec’23. Current, Savings& CASA depositsgrew by5%, 3.5%,and4% YoY respectively

• Domestic CASA ratio stood at40%as on 31stDec’24

• CD ratio stood at79.63%as on 31stDec’24

• GNPA% decreased by 121 bps YoY to 3.26%in Dec’24from 4.47%inDec’23,NNPA% reduced by 32 bps to 0.21%inDec’24from 0.53% in Dec’23

• Provision Coverage Ratio (PCR, including TWO) improved by 219 bpsYoY to 98.09%in Dec’24 from 95.90% in Dec’23

• Slippage Ratioimproved by 50bps to 0.78% in Dec’24from1.28% in Dec’23

• Capital Adequacy Ratioimproved by 34 bps to15.92%.CET-I improved by 91bps YoY to 13.27%,Tier I Capital improved by 89bps YoY to 13.77%in Dec’24

• Earnings Per Share (EPS) increased by 26% to ₹84.70 in Dec’24 from ₹67.12 in Dec’23

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

• Net Profitup by 5%QoQto₹2852Crin Dec’24 from ₹2707Cr in Sep’24

• Return on Assets (RoA) improvedby 6 bpsto 1.39% in Dec’24from 1.33% in Sep’24

• Yield on Advances (YoA) improved by 15 bpsto 8.92% in Dec’24 from 8.77% in Sep’24

• NIM (Domestic) increased by 8 bps to 3.57% in Dec’24 from 3.49% in Sep’24

• GNPA decreased by 22 bps to 3.26% in Dec’24 from 3.48% inSep’24,NNPA reduced by 6 bps to 0.21% inDec’24from 0.27% in Sep’24

• Slippage ratio decreased to 0.78% in Dec’24 from 1.06% in Sep’24.

• Credit Cost decreased by 18 bps to 0.47% 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 in9MFY25from ₹5816Cr in 9MFY24

• Operating Profit increased by 11.5%YoY to ₹13980 Crin9MFY25 from ₹12535 Crin 9MFY24

• Net Interest Income grew by 9% YoY to ₹18787 Crin9MFY25 from ₹17258Cr in 9MFY24

• Net Interest Margin (NIM) Domestic stood at3.53%in 9MFY25

• Return on Assets (RoA) improved by 27 bps to 1.31%in9MFY25 from 1.04% in 9MFY24

• Return on Equity (RoE)increased by 137bpsto20.62%in 9MFY25from19.25% in 9MFY24

• Cost-to-Income Ratioreduced by 50 bps to44.67% in 9MFY25 from 45.17% in 9MFY24

Network:

• The Bank has 5877domestic branches (including 3 DBUs), out of which 1987 are Rural, 1543are Semi-Urban, 1179are Urban &1168 are in Metro category. The Bank has3 overseas branches&1 IBU (Gift City Branch).

• The Bank has 5224ATMs & BNAs and 13292number of Business Correspondents (BCs).

Digital Banking:

• Business of ₹1,18,981 Cr has been generated through Digital Channels in 9MFY25. A total of 117Digital Journeys, Utilities and Processes have been launched so far.

• Number of Mobile Banking users has grown by 18% year over year, reaching 1.86 Cr.

• UPI users and Net Banking Users have seen a24%&9% YoY increase respectively, reaching 2.04 Cr and 1.12 Cr respectively.

• The Credit Card users increased by 52% YoY to 2.83lakh.The transactions in Point of Sale (PoS) terminals has 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 9th 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 5th 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.