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Indian Bank reported steady provisional business growth in Q1FY27

ICICIdirect Research 02 Jul 2026 DISCLAIMER

News: Indian Bank reported steady provisional business growth in Q1FY27, with gross advances rising to ₹6.85 lakh crore, up 13.9% YoY (2.7% QoQ). Total deposits stood at ₹8.43 lakh crore, up 13.3% YoY (1.8% QoQ), supported by healthy traction in SB deposits at ₹2.7 lakh crore, up 12.9% YoY (0.4% QoQ) and CA deposits at ₹0.48 lakh crore, up 26.3% YoY (9.1% QoQ). Consequently, the domestic CASA ratio remained broadly stable at 39.6% (vs 39.7% in Q4FY26)

View: Advance growth, though below system credit growth, remained steady, while healthy deposit accretion kept pace with credit growth, keeping the CD ratio well under control. Strong growth in current account (CA) balances is likely to support margins, although accelerating credit growth momentum will remain a key monitorable.

Impact: Positive

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