Indian Bank profit climbs 36 per cent on higher interest income

Indian Bank reported a 36% YoY increase in net profit for Q2 FY25, driven by higher interest income. The bank’s net profit rose to INR 2,225 crore, up from INR 1,635 crore in the same period last year. The increase in profit is attributed to a 20% rise in net interest income, which reached INR 4,850 crore. The bank also saw a decline in provisions for bad loans, which fell by 15% YoY to INR 1,200 crore. The improved financial performance reflects the bank’s focus on enhancing asset quality and expanding its loan portfolio. Indian Bank’s strong results highlight the resilience of the banking sector amid economic challenges.