• Credit growth guidance: Indian Bank has projected credit growth between 11% and 13% for the current financial year, supported by positive macroeconomic indicators and momentum across retail, MSME, and corporate lending.
• Asset quality targets: Gross NPAs declined below 2% as quarterly recoveries of ₹1,419 crore outpaced slippages of ₹1,355 crore, with management targeting a further reduction to the 1.5% to 1.60% range.
• Network and digital strategy: The bank plans to open around 100 branches this year and spends approximately ₹2,000 crore annually on digital technology, aiming to scale digitally sourced business from nearly 18% toward a 50% target.
• Operating profit and margins: Cost of funds declined by 33 basis points year-on-year to 4.88% with CASA maintained at 39.67%, while operating profit growth was tempered to 5.3% due to AS-15 staff expense provisions exceeding ₹850 crore in the quarter.