On track to achieve ₹25 trn business by Dec 2030: Indian Bank MD & CEO

Indian Bank has posted a consolidated net profit of ₹3,146.88 crore in the third quarter of 2025-26 (Q3FY26), up 8 per cent on year.

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Binod Kumar, managing director and chief executive officer of the Chennai-based lender, talks about the latest results, the impact of the expected credit loss (ECL) framework, and future growth prospects, in a telephonic interview with Shine Jacob. Edited excerpts:What were the major drivers of growth during the quarter?

The bank's total business growth is 13.24 per cent. Out of that, deposit growth is 12.62 per cent and advance growth is 14.24 per cent. The good thing is our Casa (current account savings account) growth is also 9.86 percent, and sequentially it has gone up from 38.87 per cent to 39.08 per cent.

So, we have been able to maintain Casa. Yeah, bulk we have maintained at the same level as December. We grew in deposits, despite not adding anything in the bulk deposit. So, some cost savings happened.

Advances also grew because of our strategy of not going for very aggressive pricing or very competitive accounts where pricing is very low. Because of that, even with a rate cut of 25 basis points, yield on advances has come down by only 9 bps. That has also helped. All these three or four factors have contributed to better growth and net profit.