Key Metrics of Indian Bank
About Indian Bank
Outlets operated by Indian Bank.
Sectors
Company details
- Website
- indianbank.bank.in
- Founded
- 1907
- Registered office
- Sib House, T.b. Road,mission Quarters, Thrissur, In-kl, 680001
- Listed
- NSE: INDIANB · ₹864.10
Operational Areas of Indian Bank
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 30 Sep 2026 | CARE | Reaffirmed | AAA | — | Stable | ₹19,000 Cr | View |
| 16 Mar 2026 | CARE | Reaffirmed | AAA | — | Stable | ₹16,000 Cr | View |
| 19 Dec 2025 | CARE | Reaffirmed | AAA | — | Stable | ₹11,392 Cr | View |
| 14 Feb 2025 | CARE | Reaffirmed | AAA | — | Stable | ₹18,000 Cr | View |
| 17 Oct 2024 | CARE | Reaffirmed | AAA | — | Stable | ₹17,500 Cr | View |
| 26 Aug 2024 | CARE | Reaffirmed | AAA | — | Stable | ₹13,500 Cr | View |
| 02 Aug 2024 | CARE | Reaffirmed | AAA | — | Stable | ₹8,500 Cr | View |
| 22 Nov 2023 | CARE | Reaffirmed | AA+ | — | Stable | ₹8,100 Cr | View |
| 23 Nov 2022 | CARE | Reaffirmed | AA+ | — | Stable | ₹6,000 Cr | View |
| 24 Nov 2021 | CARE | Reaffirmed (from AA) | AAA | — | Stable | ₹13,000 Cr | View |
| 30 Aug 2021 | CARE | Reaffirmed | AAA | — | Stable | ₹13,000 Cr | View |
| 11 May 2021 | CARE | Assigned | AAA | — | Stable | ₹2,500 Cr | View |
| 01 Apr 2021 | CARE | Other | — | — | — | — | View |
| 18 Mar 2021 | CARE | Reaffirmed | AAA | — | Stable | ₹16,600 Cr | View |
| 30 Sep 2020 | CARE | Watch (from AA+) | AAA | — | Negative | ₹15,600 Cr | View |
| 25 Aug 2020 | CARE | Other | — | — | — | — | View |
| 04 Oct 2019 | CARE | Other | — | — | — | — | View |
| 11 Sep 2019 | CARE | Watch | AAA | — | Stable | ₹2,600 Cr | View |
Credit strengths (CARE, Sep 2026)
+ Majority ownership by GOI and experienced management
The bank’s major shareholder is the GOI, which held 73.84% stake in the bank as on June 30, 2026. IB is one of the largest banks in India, with a total business size (advances and deposits) of ₹15,29,201 crore as on June 30, 2026. The bank also has an overseas presence, with overseas advances accounting for ~7.72% of the total gross loan portfolio as on June 30, 2026. Considering the majority shareholding of GOI in the bank, GOI has been providing support to the bank in terms of capital and
+ Diversified advances profile with focus on RAM advances in recent years
IB’s advances portfolio is diversified in terms of products and geographies. In the recent years, the bank has been focusing on growing its retail, agriculture and micro, small and medium enterprise (MSME; RAM), whose share in total gross advances has increased from 53.10% as on March 31, 2020 to 65.45% as on March 31, 2026. As on March 31, 2026, retail advances comprised 21.20% of total advances, agriculture advances contributed 22.96% to total
+ Resource profile characterised by relatively higher proportion of low-cost deposits
The bank had a network of 6,007 branches, including three overseas branches and one IBU, 17,314 business correspondents and 5,676 ATMs/BNAs as on June 30, 2026. The bank’s resource profile continues to be healthy with the bank having a robust CASA proportion to total deposits of 37.83% as on June 30, 2026, and strong retail liabilities franchise. In FY26 (FY refers to April 01 to March 31), the bank’s total deposits grew at 12.3% from ₹7,37,154 crore as on March 31, 2025,
+ Relatively strong capital adequacy levels
The bank has been maintaining strong levels of capitalisation to meet the minimum regulatory requirement and support credit growth. It reported a capital adequacy ratio (CAR) of 17.58% (FY26: 17.93%) and common equity tier (CET) I ratio of 16.51% (FY26: 16.40%) as on June 30, 2026. Strong internal accruals will help the bank fund growth in the near term, considering the bank’s size. Improvement in profitability The interest income increased by 8.8% in FY26, compared to the previous year due to g
+ Improvement in profitability
The interest income increased by 8.8% in FY26, compared to the previous year due to growth in advances book and reduced yields. Non-interest income also grew by 8.3% y-o-y due to recovery from written off accounts and commission of PSLC (PSL Certificates). The bank’s total income stood at ₹77,441 crore in FY26 compared to ₹71,226 crore in FY25, registering a growth of 8.7%. Yields-on-advances reduced in FY26 to 7.97% from 8.26% in FY25, whereas cost of deposits has remained elevated at 4.79% in
Credit challenges
− Moderate, despite improving, asset quality
The bank’s asset quality parameters improved with reduced gross non-performing assets (GNPA) and NNPA over the years, due to lower slippages, continued write-offs, and recoveries. The bank has written-off NPAs of ₹6,695 crore and recoveries and upgrades of ₹3,226 crore in FY26 against fresh slippages of ₹4,932 crore in the same period. Additions to GNPA have been reducing each year, with slippages ratio falling from 2.89% in FY22 to 0.84% in FY26. GNPA ratio and NNPA ratio for the bank
Could lead to an upgrade
Factors that could individually or collectively lead to positive rating action/upgrade: Not applicable
Could lead to a downgrade
Factors that could individually or collectively lead to negative rating action/downgrade: • Dilution in government support and/or GOI’s stake in the bank to below 51%. • Deterioration in capitalisation levels on a sustained basis and inability to maintain cushion of 1% over the regulatory requirement. • Deterioration in asset quality, with net non-performing assets (NNPA) of 3.5% or more on a sustained basis. • Decline in profitability on a sustained basis.
Agency-reported financials (CARE, 30 Sep 2026)
| Metric | March 31, 2025 | March 31, 2026 | Q1FY27 |
|---|---|---|---|
| Total income | ₹71,226 Cr | ₹77,441 Cr | ₹20,724 Cr |
| Profit after tax (PAT) | ₹10,918 Cr | ₹12,156 Cr | ₹3,273 Cr |
| Total assets | ₹8,73,411 Cr | ₹9,87,953 Cr | ₹10,06,954 Cr |
| Net interest margin (NIM) (%) | 3.1% | 2.9% | 3.0% |
| Gross non-performing assets (NPA) (%) | 3.1% | 2.0% | 1.9% |
| Net NPA (%) | 0.2% | 0.2% | 0.2% |
| Capital adequacy ratio (CAR) (%) | 17.9% | 17.9% | 17.6% |
| Revenue growth (YoY) | — | 8.7% | — |
| PAT margin | 15.3% | 15.7% | 15.8% |
Borrowings & rated debt
Rated limits over time
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Issuer Not applicable | Other | — | ₹0 | — | AAA (Stable) | Reaffirmed | CARE |
| Infrastructure Bonds | Debentures & bonds | — | ₹5,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Infrastructure Bonds | Debentures & bonds | — | ₹5,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Infrastructure Bonds | Debentures & bonds | — | ₹5,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Tier I Bonds | Debentures & bonds | — | ₹500 Cr | — | AA+ (Stable) | Reaffirmed | CARE |
| Tier I Bonds | Debentures & bonds | — | ₹500 Cr | — | AA+ (Stable) | Reaffirmed | CARE |
| Tier II Bonds | Subordinated debt | — | ₹1,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Tier II Bonds | Subordinated debt | — | ₹1,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
| Tier II Bonds | Subordinated debt | — | ₹1,000 Cr | — | AAA (Stable) | Reaffirmed | CARE |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| INE428A08051 | Complex | Debentures & bonds | — | 25 Jan 2017 | 25 Jan 2027 | ₹1,000 Cr | AAA | Outstanding |
| INE562A08099 | — | Debentures & bonds | — | 13 Sep 2024 | 13 Sep 2034 | ₹5,000 Cr | AAA | Outstanding |
| INE562A08107 | — | Debentures & bonds | — | 25 Oct 2024 | 25 Oct 2034 | ₹5,000 Cr | AAA | Outstanding |
| INE562A08115 | — | Debentures & bonds | — | 24 Mar 2026 | 24 Mar 2036 | ₹5,000 Cr | AAA | Outstanding |
| INE562A08016 | Tier II Bonds Basel III I * | Subordinated debt | — | — | — | ₹0 | AAA | Not stated |
| INE562A09055 | Perpetual Bonds Basel * | Subordinated debt | — | — | — | — | — | Not stated |
| INE562A08081 | Complex | Debentures & bonds | — | 13 Jan 2021 | 13 Jan 2031 | ₹0 | — | Withdrawn |
| INE428A08044 | — | Debentures & bonds | — | 20 Dec 2015 | 20 Dec 2025 | ₹0 | — | Withdrawn |
| INE428A08028 | — | Debentures & bonds | 8.78% | 20 Jan 2015 | 20 Jan 2025 | ₹0 | — | Withdrawn |
| INE562A08073 | Perpetual | Subordinated debt | — | — | — | ₹0 | — | Withdrawn |
| INE562A08057 | Perpetual | Subordinated debt | — | — | — | — | — | Withdrawn |
| INE562A08065 | Perpetual | Subordinated debt | — | — | — | — | — | Withdrawn |
| INE562A08040 | — | Debentures & bonds | 8.53% | — | — | ₹0 | — | Withdrawn |
| INE562A08024 | — | Debentures & bonds | 8.90% | — | — | ₹0 | — | Withdrawn |
| INE562A08032 | — | Debentures & bonds | 8.85% | — | — | ₹0 | — | Withdrawn |
CARE ratings on record (checked 26 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Infrastructure Bonds | — | Withdrawn |
| Infrastructure Bonds | ₹15,000 Cr | CARE AAA; Stable |
| Issuer Ratings | — | CARE AAA; Stable |
| Tier I Bonds | — | Withdrawn |
| Tier I Bonds | ₹1,000 Cr | CARE AA+; Stable |
| Tier II Bonds | — | Withdrawn |
| Tier II Bonds | ₹3,000 Cr | CARE AAA; Stable |
Credit assessment · Banks
Rating Methodology – Banks (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| Infrastructure Bonds | Infrastructure bonds | AAA CARE | AAA | senior |
| Tier II Bonds | Basel III Tier II | AAA CARE | AAA | senior − 0 |
| Proposed | Subordinated debt | AA+ CARE | AAA1 notch lower than criteria | senior − 0 |
| Infrastructure bonds | Infrastructure bonds | AAA CARE | AAA | senior |
| Perpetual | Perpetual debt | AA+ CARE | AA+ | senior − 1 |
| Infrastructure Bonds-II | Infrastructure bonds | AAA CARE | AAA | senior |
| Infrastructure Bonds-I | Infrastructure bonds | AAA CARE | AAA | senior |
| Additional Tier-I perpetual bonds | Basel III Additional Tier I | AA+ CARE | AA+ | Tier II − 1 |
| Tier-II bonds (Basel III) III | Basel III Tier II | AAA CARE | AAA | senior − 0 |
| Tier-II bonds (Basel III) IV 1,000.00 | Basel III Tier II | AAA CARE | AAA | senior − 0 |
| Tier-II bonds (Basel III) V | Basel III Tier II | AAA CARE | AAA | senior − 0 |
| Tier-II bonds (Basel III) VI | Basel III Tier II | AAA CARE | AAA | senior − 0 |
| Tier-II bonds (Basel III) VII | Basel III Tier II | AAA CARE | AAA | senior − 0 |
| CARE Ratings Ltd. | Subordinated debt | — CARE | AAA | senior − 0 |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 71% |
| Information on file | 56% · missing: Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 71% chance the next rating action is stable or better
- Current rating AAA (investment grade)
Rated limits by facility
Timeline
From the report
In FY24, IB raised equity aggregating ₹4,000 crore by qualified institutional placeme nt (QIP).
From the report
Detailed description of key rating drivers: Key strengths Majority ownership by Government of India GoI has been supporting IB with equity in times of need and the last support came in FY21, post which, the bank has been maintaining sufficient capital buffers.In FY24, IB raised equity aggregating ₹4,000 crore by qualified institutional placement (QIP).
From the report
Detailed description of key rating drivers: Key strengths Majority ownership by Government of India GoI has been supporting IB with equity in times of need and the last support came in FY21, post which the bank has been maintaining sufficient capital buffers.In FY24, IB raised equity aggregating to ₹4,000 crore by qualified institutional placement (QIP).
From the report
In FY24, IB raised equity aggregating to ₹4,000 crore by qualified institutional placement (QIP).
From the report
Detailed description of the key rating drivers: Key strengths Majority ownership by Government of India: The GoI made a total infusion of ₹16,427 crore in the IB (including infusion in Allahabad Bank) over the two years ended March 31, 2021.
From the report
During FY22, IB raised equity aggregating to ₹1,650 crore by way of qualified institutional placement (QIP).
From the report
Detailed description of the key rating drivers Key rating strengths Majority ownership by the GoI: The GoI made a total infusion of ₹16,427 crore in the Indian Bank (including infusion in Allahabad Bank) over the two years ended March 31, 2021.
From the report
During H1FY22, Indian Bank raised equity aggregating to ₹1,650 crore by way of qualified institutional placements (QIPs); consequently, the GoI’s shareholding reduced to 79.86% as on September 30, 2022, from 88.06% as on March 31, 2021.
From the report
During H1FY22, the bank had raised ₹1,650 crore by way of QIPs, thus resulting in further strengthening of the capital adequacy during FY22.
From the report
Rating Sensitivities Positive factors-Factors that could lead to positive rating action/upgrade • Not applicable Negative Factors-Factors that could lead to negative rating action/downgrade • Decline in capitalisation levels below 12% on a sustained basis • Deterioration in asset quality with Net NPA of more than 5.5% on sustained basis • Decline in profit on sustained basis Detailed description of the key rating drivers Key Rating Strengths Majority ownership by GoI During FY19, GoI infused Rs.11,740 crore in Allahabad Bank.
From the report
During FY20, GoI has infused fresh equity capital of Rs.2,534 crore in Indian Bank and Rs.2,153 crore in Allahabad Bank, thus, aggregating to a total infusion of Rs.16,427 crore in the combined entity over last two years ended Marc h 31, 2021.
From the report
During H1FY22, Indian Bank raised equity aggregating to Rs.1,650 crore by way of QIP, consequently GoI shareholding reduced to 79.86% as on September 30, 2021.
From the report
The ratings also take note of improvement in profitability during FY21 (refers to the period April 01 to March 31). 1 Complete definition of the ratings assigned are available at www.careratings.com and other CARE publications 1 CARE Ratings Limited Press Release Rating Sensitivities Positive factors-Factors that could lead to positive rating action/upgrade Not applicable Negative Factors-Factors that could lead to negative rating action/downgrade Decline in capitalisation levels below 12% on a sustained basis Deterioration in asset quality with Net NPA of more than 5.5% on sustained bas
From the report
During FY20, GoI has infused fresh equity capital of Rs.2,534 crore in Indian Bank and Rs.2,153 crore in Allahabad Bank, thus, aggregating to a total infusion of Rs.16,427 crore in the combined entity over last 2 years.
From the report
During Q1FY22, Indian Bank raised equity aggregating to Rs.1,650 crore by way of QIP, consequently GoI shareholding reduced to 79.86% as on June 30, 2021.
From the report
During FY20 (refers to the period April 1 to March 31) , GoI has infused fresh equity capital of Rs.2,534 crore in Indian Bank and Rs.2,153 crore in Allahabad Bank thus, aggregating to a total infusion of Rs.4,687 crore in the combined entity.
From the report
During FY20, GoI has infused fresh equity capital of Rs.2,534 crore in Indian Bank and Rs.2,153 crore in Allahabad Bank thus, aggregating to a total infusion of Rs.4,687 crore in the combined entity.
From the report
As at the end of June 2020, GNPA of amalgamated entity stood at 10.90% and around 23% of term loan customers by value have availed moratorium.
From the report
During FY20, GoI has infused fresh equity capital of Rs.2,534 crore in IB.
From the report
As at the end of June 2020, around 23% of term loan customers by value has availed moratorium.
From the report
Rating Sensitivities Negative Factors Deterioration in asset quality parameters of the merged entity Decline in capitalization levels Deterioration in profitability on a sustained basis 1Complete definition of the ratings assigned are available at www.careratings.com and other CARE publications 1 CARE Ratings Limited Press Release Detailed description of the key rating drivers Majority ownership by Government of India During FY20, Government of India infused Rs.2,534 crore in the bank by the way of preferential allotment of equity shares, increasing its shareholding to 83.46% as on March
From the report
The improvement is on the account of capital infusion of Rs.2,543 crore by Government of India through preferential allotment of equity shares, and the bank also raised an amount of Rs.295.48 crore under Indian Bank Employee Share Purchase Scheme (ESPS), during FY20, leading to increase in Net worth to Rs.19,101 crore as on March 31, 2020, from Rs.16,294 crore as on March 31, 2019.
From the report
Additionally, MoF has also announced capital infusion of Rs.2,500 crore in Indian Bank.
From the report
With proposed equity infusion of Rs.2,500 crore, core capital adequacy ratios are expected to improve going forward. 2 CARE Ratings Limited Press Release Moderation in profitability during FY19 due to higher credit costs and decline in other income; however profitability improved in Q1FY20 During FY19, the bank reported PAT of Rs.322 crore on a total income of Rs.21,068 crore as against PAT of Rs.1,259 crore on a total income of Rs.19,519 crore during FY18.
From the report
Additionally, MoF has also announced capital infusion of Rs.2,500 crore in Indian Bank.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Indian Bank
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 HDFC Bank |
Outlets operated by HDFC Bank. | hdfc.bank.in | 1994 | India |
 ICICI Bank |
Outlets operated by ICICI Bank. | icici.bank.in | — | India |
 State Bank of India |
Outlets operated by State Bank of India. | sbi.bank.in | 1955 | India |
| Outlets operated by Bank of Baroda. | bankofbaroda.bank.in | 1908 | India | |
 Axis Bank |
Outlets operated by Axis Bank. | axis.bank.in | 1990 | Ahmedabad, India |
 Punjab National Bank |
Outlets operated by punjab national bank. | pnb.bank.in | 1894 | India |
 Canara Bank |
Outlets operated by Canara Bank. | canarabank.com | 1906 | Mumbai, India |
 Union Bank of India |
Outlets operated by Union Bank of India. | unionbankofindia.bank.in | 1919 | India |
| Outlets operated by Bank of India. | bankofindia.bank.in | 1906 | Mumbai, India | |
| Outlets operated by Kotak Mahindra Bank. | kotak.bank.in | 1985 | Mumbai, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
economics of banking, financial services, financial sector
Filings
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