Indian Bank Q2 FY27 Results Explained
In Q2 FY27 (July–September 2026), Indian Bank reported a net profit of ₹3,462 crore, up 14.7% from a year earlier. Gross NPA was 1.61% of loans (#6 of 12 PSU banks, lowest first), CASA ratio 39.4%, net interest margin 3.31% and capital adequacy 16.21%. On BankersClub's PSU Bank Scorecard it ranks #3 of 12 overall this quarter.
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Indian report card, Q2 FY27
Graded against the other 11 public sector banks this quarter.
Key numbers
| Measure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 | PSU median |
|---|---|---|---|---|
| Business growth (YoY) | 14.2% | – | #10 | 16.6% |
| CASA ratio | 39.4% | up 49 bps | #4 | 36.8% |
| Net interest margin | 3.31% | up 8 bps | #3 | 2.97% |
| Cost-to-income | 39.3% | down 723 bps | #2 | 47.9% |
| Return on assets | 1.31% | down 1 bps | #4 | 1.12% |
| Gross NPA | 1.61% | down 99 bps | #6 | 1.69% |
| Net NPA | 0.14% | down 2 bps | #2 | 0.30% |
| Provision coverage (excl. TWO) | 91.5% | down 237 bps | #1 | 82.9% |
| Capital adequacy (CRAR) | 16.21% | down 110 bps | #11 | 17.73% |
| Credit cost | 1.23% | up 75 bps | #12 | 0.55% |
| Business per employee | ₹36.5 crore | – | #4 | ₹34.4 crore |
| Profit per employee | ₹33.9 lakh | – | #4 | ₹25.3 lakh |
Size of the bank
| Figure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 |
|---|---|---|---|
| Total business | ₹15.96 lakh crore | up 14.2% | #7 |
| Deposits | ₹8.74 lakh crore | up 12.5% | #7 |
| Advances | ₹7.22 lakh crore | up 16.4% | #7 |
| Gross NPA amount | ₹11,613 crore | down 28.0% | #6 |
| Operating profit | ₹7,090 crore | up 46.6% | #6 |
| Net profit | ₹3,462 crore | up 14.7% | #6 |
The quarter at a glance
What went right
- Gross NPA down 99 bps from a year ago to 1.61%, now #6 of 12.
- Cost-to-income down 723 bps from a year ago to 39.3%, now #2 of 12.
- Net interest margin up 8 bps from a year ago to 3.31%, now #3 of 12.
What went wrong
- Credit cost up 75 bps from a year ago to 1.23%, now #12 of 12.
- Capital adequacy (CRAR) down 110 bps from a year ago to 16.21%, now #11 of 12.
Loan book and deposits
Bar = share of advances or deposits. Growth is against Q2 FY26. Advances are domestic; shares are of the sum of segments. Banks report segments slightly differently; see the methodology.
Quarter by quarter
| Measure | Q2 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Net profit | ₹3,018 crore | ₹3,273 crore | ₹3,462 crore |
| Operating profit | ₹4,837 crore | ₹5,557 crore | ₹7,090 crore |
| Gross NPA | 2.60% | 1.86% | 1.61% |
| Net NPA | 0.16% | 0.15% | 0.14% |
| Net interest margin | 3.23% | 3.29% | 3.31% |
| Return on assets | 1.32% | 1.31% | 1.31% |
| CASA ratio | 38.9% | 39.7% | 39.4% |
| Capital adequacy (CRAR) | 17.31% | 17.58% | 16.21% |
| Cost-to-income | 46.5% | 44.8% | 39.3% |
Compare with similar-sized banks
- Bank of India (#4 overall)
- Central Bank of India (#8 overall)
- Indian Overseas Bank (#2 overall)
- Union Bank of India (#10 overall)
Source and method
Standalone figures from Indian Bank’s own Q2 FY27 filing (Indian Bank performance analysis Q2/H1 FY27), checked against the bank’s reported ratios. Ratios are recalculated the same way for all 12 banks where the filing allows. How the scorecard works. Not investment advice.
Last updated 12 November 2026.
Frequently asked questions
What was Indian Bank's net profit in Q2 FY27?
Indian Bank reported a standalone net profit of ₹3,462 crore in Q2 FY27 (July–September 2026), up 14.7% from Q2 FY26.
What is Indian Bank's gross NPA ratio?
Gross NPA was 1.61% of loans at the end of Q2 FY27, ranking #6 of 12 public sector banks (lowest first). Net NPA was 0.14%.
How does Indian Bank rank among public sector banks?
On BankersClub's PSU Bank Scorecard, Indian Bank ranks #3 of 12 overall in Q2 FY27, based on growth, return on assets, gross NPA, capital adequacy, CASA ratio and cost-to-income.
What is Indian Bank's CASA ratio?
Indian Bank's CASA ratio was 39.4% in Q2 FY27, #4 of 12 public sector banks.
Where does this data come from?
From Indian Bank's own Q2 FY27 results filing, using standalone figures. Every ratio is recalculated the same way for all 12 public sector banks where the filing allows.