Indian Bank announces results for Q2FY22 and H1FY22

Quarterly Operating Profit up by 11% YoY, Net Profit at 1089 Cr

Indian bank announces the result of the q2 result on dated 28.10.2021


  • Operating profit up by 11% at 3276 Cr
  • Net Profit up by 164% YoY at 1089 Cr
  • Deposit increased by 10% YoY o CASA grew by 8%, CA YoY growth 14%, SB YoY growth 8%. CASA ratio maintained at 41%
  • Advances increased by 5% YoY
  • Retail, Agri, MSME advances grew by 14%, 16% and 8 % respectively. RAM sector grew by 13%. RAM contribution to domestic advances is 60%.
  • GNPA decreased by 13 bps on QoQ basis, NNPA reduced by 21 bps to 3.26 % from 3.47 % QoQ.
  • Capital Adequacy Ratio at 15.88%. CET improved by 11 bps from 11.57% to 11.68% QoQ. Tier I improved by 12bps from 12.22% to 12.34% QoQ

Profitability: Q2 FY22

  • Net Profit and Operating Profit
  • The Bank’s has registered Operating Profit to 3276 Cr for Q2FY22 with a growth of 11% YoY as against 2942 Cr for Q2FY21.
  • Indian Bank’s Net Profit for the quarter is 1089 Cr and grew by 164% YoY to from 412 Cr in Q2FY21.
  • Indian bank has registered For the Half year ended September 21 Operating Profit at 6691 Cr grew by 17 % and Net Profit at 2271 crore recorded a growth of 191%.

Net Interest Income and Net Interest Margin

  • The indian bank’s Net Interest Income (NII) declined by 1% YoY of rs 4084 Cr in Q2FY22 from 4144 Cr in Q2FY21. On QoQ sequential basis it grew by 2%.
  • Banks Net Interest Margin (NIM) (Domestic) improved by 4 basis points (bps) on QoQ sequential basis. It stood at 2.89% for Q2FY22 as against 3.06% for Q2FY21.
  • Net Revenues (Net interest income plus other income) for Q2FY22 grew by 6% to 6050 Cr from 5702 Cr for Q2FY21. It was 5815 Cr in previous quarter.

Non-Interest Income

  • Non- Interest Income for Q2FY22 up by 26% YoY and 8% QoQ. It stood at 1966 Cr as against 1558 Cr in Q2FY21 on account of increase in recovery of bad debts (450% and Forex income (42%).


  • Return on Equity (RoE) for Q2FY22 was 13.31% as against 5.88% as on Q2FY21
  • Return on Average Assets (RoA) was at 0.69% for Q2FY22 as against 0.28% in Q2FY21. There is an improvement of 41 basis points from the corresponding quarter of the previous financial year.
  • Cost-to-Income Ratio stood at 45.85% in Q2FY22 as against 48.41% in Q2FY21 and 41.26% in Q1FY22. Due to higher contribution for employees, the ratio increased on QoQ basis.

 Provisions and contingencies

Provisions & Contingencies for Q2FY22 were at 2187 Cr as against ₹2530 Cr for the corresponding quarter of previous year and 2234 Cr in Q1FY22.

Operating Expenses

Operating Expenses increased by 1% to ₹2774 Cr in Q2FY22 as against 2760 Cr in the corresponding quarter of FY21.

In Operating expenses there was growth of 1% YoY sequentially due to provisioning on account of pension.

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Assets and Liabilities

  • Advances grew by 5% to 385730 Cr in Q2FY22 from 365896 Cr a year ago, primarily driven by growth in RAM sector (13%) of which growth in Retail, Agriculture and MSME was 14%, 16% and 8% respectively.
  • The Bank has focused on capital light growth in credit.
  • Total Deposits grew by 10% YoY and 2% QoQ and stood at 551472 Cr in Sep’21 as against 501956 Cr in Sep’
  • CASA Deposits grew by 8% YoY and by 2% QoQ and touched 225309 Cr in Q2FY22. Share of CASA to Total Deposits stood at 41% in Q2FY22. Current account deposits grew by 14% and Savings account deposits by 8% YoY in Q2FY22.
  • Total Business recorded YoY growth of 8% reaching the level of 937202 Cr in Sep’21 as against 867852 Cr in Sep’20. On a sequential QoQ basis it increased by 1%.
  • Priority Sector portfolio increased to 141906 Cr in Sep’21 from 138244 Cr in same quarter of the previous year. Priority sector advances as a percentage of ANBC stood at 44% as against the regulatory requirement of 40%.
  • RAM constitutes 60% of the total advances.

Capital Adequacy

  • For Q2FY22, Bank’s total Capital Adequacy Ratio (CRAR) was at 15.88%, increased by 224 bps YoY. On a sequential quarter basis, it decreased by 4 bps from 15.92% in Q1FY22 due to call up option exercised by Bank for Tier II Bond.
  • Tier-I CRAR was at 12.34% in Q2FY22 against 10.74% in Q2FY21, up by 160 bps YoY. On a sequential quarter basis, it increased by 12 bps from 12.22% in Q1FY22.

Asset Quality

  • GNPA was at 9.56% of Gross Advances as on Sep’21 brought down by 33 bps YoY and 13 bps QoQ.
  • The Net NPA ratio stood at 3.26% at 30th Sep’21 as against 2.96% in Sep’20. It was at 3.47% on 30th Jun’21.
  • Fresh slippages were lesser at 3952 Cr compared to 4204 Cr in Q1.
  • Cash recovery was higher at 831 Cr during Q2 and AUC recovery was higher at 775 Cr compared to Q1. Fresh slippage was high due to corporate loans and crop loans.


Q. When Indian bank q2 result announced

Ans. Indian bank announced the q2 result on dated 28.10.2021.

Q. does Indian bank get profit in the second quarter?

Ans. Yes, Indian bank has registered net profit of 1089 cr and Operating profit 3276 Cr

Q. where is the headquarter of the Indian bank?

Ans. The headquarter of the Indian bank is in Chennai city of the tamilnadu state.


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