• Q1 Financial Performance: Indian Bank reported a 10% increase in net profit to ₹3,273 crore and a 17% growth in net interest income to ₹7,435 crore, with advances and deposit growth exceeding guidance.
• NIM Drivers & Outlook: Net interest margins stood at 3.29%, supported by a 2-basis-point increase in yield on advances, a 3-basis-point drop in deposit costs, and shedding ₹6,000 crore of low-yielding credit lines.
• Corporate Credit Demand: Corporate credit growth accelerated to 11.29% from historical levels of 2% to 3%, with strong demand emerging from data centers, green finance battery storage, power transmission lines, roads, and ports.
• Gross NPA Guidance: Gross NPA decreased from 1.98% to 1.86%, with management aiming to reduce it by 12 basis points each quarter to comfortably achieve its March target range of 1.50% to 1.60%.