Indian Bank stock reports Q2 growth as advances rise 16.6 percent

Published on 10/07/2026 at 01:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indian Bank stock was last at INR 813 on October 6, 2026, while a 19-analyst consensus showed an average target of INR 991.99. Q2 advances grew 16.6 percent.

Indian Bank, INE562A01011, Illustration mit AI erstellt.

Indian Bank stock (ISIN INE562A01011) was last at INR 813 on the NSE on October 6, 2026, up 0.37 percent from the previous close. The lender's provisional second-quarter business update showed advances growing faster than deposits, putting funding quality and margins at the center of the next results discussion.

Q2 advances outpace deposits

According to ScanX News on October 1, 2026, total business reached INR 15.96 lakh crore for the quarter ended September 30, 2026, up 14.2 percent year over year and 4.4 percent from June.

Gross advances rose 16.6 percent year over year to INR 7.23 lakh crore, compared with 12.4 percent growth in deposits to INR 8.73 lakh crore. The four-point difference between loan and deposit growth is the key operating tension because faster credit deployment can increase reliance on higher-cost funding.

CASA ratio slips sequentially

The domestic CASA ratio stood at 39.28 percent on September 30, 2026, versus 39.73 percent in the previous quarter and 38.87 percent a year earlier, according to CNBC TV18 on October 1, 2026. The ratio remains above its year-earlier level, but its sequential decline makes deposit mix an important issue for the detailed financial results.

The same update said Indian Bank retained FY27 guidance for deposit growth of 9 to 11 percent and advances growth of 11 to 13 percent. Q2 advances at 16.6 percent year-over-year growth therefore exceeded the stated full-year advances range, while deposit growth at 12.4 percent also exceeded its guidance range.

Consensus target stays above price

An analyst overview from Eulerpool listed a Buy consensus from 19 analysts, with an average 12-month target of INR 991.99 and a median target of INR 1,020 on September 18, 2026. The average target lies 22.0 percent above the October 6 price of INR 813, making the gap between expectations and the latest quotation a measurable test for the next earnings release.

Indian Bank stock holds above yearly low

Indian Bank stock had a 52-week range of INR 754.90 to INR 1,000.90 as of October 6, 2026. Its market capitalization was INR 1.1 trillion and volume was 888,114 shares on the same date, while the last price remained 18.8 percent above the yearly low.