Announcement under Regulation 30 (LODR)-Interest Rates Updates 7 Oct - Indian Bank revises repo-linked lending rates to 8.20% effective 08.10.2026 after RBI repo hike.
Source: Bse
Financial Services stocks · Mid cap · NSE
Indian Bank is a public sector bank offering a wide range of financial services. The bank focuses on retail, agriculture, and MSME (RAM) segments, alongside corporate banking, and is expanding its digital footprint and financial inclusion initiatives across India.
SMA20 -4.8% / mo · MACD +
Latest mapped FPI equity flow was not positive. View sector evidence
Adjusted completed-session prices, rebased to 100
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue +40.3% · PAT +10.9% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Financial-only signal; management claim evidence is not sufficient yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev +40% YoY · PAT +11% YoY · +29% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹23,336 Cr | +40.3% | +29.0% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹3,446.9 Cr | +10.9% | +2.7% |
| PAT margin | 14.8% | -393 bps | -378 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 20/10/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Signals are conflicting — long-term trend down. RSI 57. Wait for confirmation.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 70 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
Banks are balance-sheet businesses, so book value quality matters more than simple earnings multiples.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
Indian Bank reported strong Q1FY27 results with Net Profit up 10% YoY to ₹3273 Cr, driven by 17% YoY growth in Net Interest Income and Operating Profit. Advances grew 13.89% YoY, while asset quality improved significantly with GNPA at 1.86% (down 115 bps YoY) and NNPA at 0.15%.
The bank delivered robust Q1FY27 performance, marked by healthy business growth, improved profitability, and continued asset quality enhancement. The strong RAM segment growth and digital expansion are positive, aligning with management's optimistic FY27 guidance for key metrics.
Latest issuer-disclosed distribution across 4 reported categories.
RAM advances grew 14.80% YoY to ₹4.17 lakh Cr, with its share in domestic advances increasing to 66.00%.
Retail advances grew 18.74% YoY, driven by Jewel Loan Non Priority (up 77.23% YoY) and Auto Loan (up 32.58% YoY).
Digital Business grew ~1.2x YoY in amount, with Digital MSME Loans showing ~1.8x YoY growth.
Advances to the Infrastructure sector grew 34.02% YoY, reaching ₹76057 Cr, indicating strong credit deployment.
Opened 2 Senior Konnect Branches in Q1FY27, contributing to 367 such branches since amalgamation.
Increased Business Correspondents to 17314, expanding pan-India touch points to 28,994.
Launched new digital initiatives like IND Cash Optima, IndEngage Hub (CRM), IndSMA₹T Biz, and Virtual Banking Experience (VBX).
Inducted 2075 new employees (632 POs, 261 Specialized officers, 1182 Customer Service Associates) in Q1FY27.
Significant YoY growth in digital transactions and digital business, indicating increasing customer adoption and operational efficiency.
Consistent reduction in GNPA and NNPA percentages, reflecting improved asset health and recovery efforts.
Robust growth in the high-yielding Retail, Agriculture, and MSME (RAM) segments, driving overall advances growth.
Personal Loan portfolio declined by 12.87% YoY, indicating a contraction in this specific retail segment.
Profit/Loss on Sale of Investments declined 64.59% YoY, and PSLC Commission income decreased 21.19% QoQ.
Operating Profit and Net Profit of total RRBs declined by 49% YoY, impacting overall group performance.
Provisions for Standard advances increased 139.01% YoY and 48.89% QoQ, which could signal a more cautious outlook on asset quality.
MSME Credit RWA density remains high at 69.28%, indicating higher capital allocation for this segment.
7% of total rated exposure is in BB and below categories, posing potential credit risk.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Both YoY and QoQ comparisons are essential for financial services. YoY provides insight into underlying business trends and seasonal impacts, while QoQ tracks sequential momentum in credit growth, asset quality, and operational efficiency.
Business (Deposits + Advances) grew 13.66% YoY to ₹15.29 lakh Cr; Advances grew 13.89% YoY to ₹6.85 lakh Cr; Deposits grew 13.47% YoY to ₹8.44 lakh Cr.
Net Interest Margin (NIM) Domestic improved to 3.41% (up 6 bps YoY, 6 bps QoQ); Overall NIM at 3.29% (up 34 bps YoY, 3 bps QoQ).
Cost of Deposits decreased to 4.80% (down 34 bps YoY, 3 bps QoQ); Cost of Funds decreased to 4.83% (down 40 bps YoY, 5 bps QoQ).
Gross NPA % improved to 1.86% (down 115 bps YoY, 12 bps QoQ); Net NPA % remained stable at 0.15% (down 3 bps YoY).
Management guides for 11% - 13% advances growth for FY27, compared to Q1FY27 actual of 13.89%.
Targets GNPA % at 1.50% - 1.60% and NNPA % at 0.15% - 0.20% for FY27, indicating continued focus on asset quality improvement.
Aims for NIM of 3.10% - 3.25% and RoA of 1.20% - 1.30% for FY27, suggesting a stable to slightly lower outlook on margins and returns.
Projects total recovery of ₹4500 Cr - ₹5500 Cr for FY27, significantly higher than Q1FY27 actual of ₹1885 Cr.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| GNPA % | 1.86% | Sustained reduction towards management's FY27 guidance of 1.50% - 1.60% and any sector-specific slippages. |
| Domestic NIM | 3.41% | Stability or improvement, especially given management's FY27 guidance of 3.10% - 3.25% for overall NIM. |
| RAM Advances Growth | 14.80% YoY | Continued outperformance relative to overall advances growth and contribution to profitability. |
| Provisions for Standard Advances | ₹733 Cr (up 139.01% YoY) | Trend in these provisions as a leading indicator of potential future asset quality stress. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 89th percentile within Financial Services. Main check: financial discipline is weak at 56/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
overall median 67 · Financial Services: 89th pctile, median 62 · Mid: 54th pctile, median 76
100 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Latest exchange and company disclosures found within the past two years.
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