The public sector lender’s gross advances rose 13.9% year-on-year and 2.7% sequentially to ₹6.85 lakh crore, while total deposits increased 13.3% from a year ago and 1.8% from the previous quarter to ₹8.43 lakh crore. Loan growth continued to marginally outpace deposit growth, indicating sustained credit demand during the quarter.
The bank’s CASA ratio stood at 39.64% at the end of the June quarter, compared with 39.67% as of March 31, 2026, and 38.97% a year earlier, remaining broadly stable on a sequential basis while improving slightly from a year ago.
Within deposits, savings bank deposits rose 12.9% year-on-year to ₹2.70 lakh crore, while current account deposits increased 26.3% to ₹0.48 lakh crore. Domestic RAM (Retail, Agriculture and MSME) advances stood at ₹4.17 lakh crore, up 14.8% from a year earlier, reflecting continued growth in the bank’s core retail and priority lending segments.
Overall, the provisional business update points to steady balance sheet expansion, supported by healthy growth in both lending and deposits.
The figures are provisional and subject to review by the bank’s statutory central auditors.
Earlier on June 1, the public sector lender revised select benchmark lending rates following a review by its Asset Liability Management Committee (ALCO), with changes to its Marginal Cost of Funds-based Lending Rate (MCLR) and Treasury Bills Linked Lending Rates (TBLR) taking effect from June 3, 2026, while keeping key policy-linked rates unchanged.
Under the revised MCLR, the bank increased the three-month tenor to 8.50% from 8.40%, the six-month tenor to 8.75% from 8.65%, and the one-year tenor to 8.85% from 8.75%. The overnight rate remained unchanged at 7.90%, while the one-month tenor was retained at 8.20%.
The bank had earlier reported a steady performance for the March quarter, with net profit rising 6.4% year-on-year to ₹3,173 crore from ₹2,982 crore, while net interest income (NII) grew 11.3% to ₹7,117 crore from ₹6,393 crore.
Shares of Indian Bank closed 0.40% higher at ₹819.95 on the NSE on Wednesday, ahead of the lender’s provisional business update.
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