Indian Bank — Updates, 28-10-2024: Press Release

Indian Bank reported strong financial results for Q2 FY 2024-25, with a 36% YoY increase in net profit to ₹707 crore. Key metrics included a 10% rise in operating profit and an 8% growth in net interest income. The Gross Non-Performing Assets (GNPA) ratio improved to 3.48%, down 149 bps YoY. The bank's digital initiatives saw significant user growth, particularly in mobile banking and UPI, indicating a robust digital banking strategy.