Financial Results for the Quarter ended 30 th June 2023

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Bank’s Global Business crossed ₹11 lakh Cr
Net profit up by 41% YoY
Operating Profit up by 16% YoY

 Net Profit up by 41% YoY at ₹1709 Cr in Jun’23 from ₹1213 Cr in Jun’22
 Profit Before Tax up by 78% YoY at ₹2394 Cr in Jun’23 from ₹1345 Cr in Jun’22
 Operating Profit grew by 16% YoY at ₹4135 Cr in Jun’23 from ₹3564 Cr in Jun’22
 Net Interest Income increased by 26% YoY to ₹5703 Cr in Jun’23 from ₹4534 Cr in
Jun’22
 Fee based income grew by 7% YoY to ₹671 Cr in Jun’23
 Cost-to-Income Ratio stood at 44.22% in Jun’23
 Domestic NIM improved to 3.61% in Jun’23 from 3.10% in Jun’22
 Return on Assets (RoA) improved to 0.95% in Jun’23 from 0.73% in Jun’22
 Return on Equity (RoE) increased to 17.88% in Jun’23 from 14.18% in Jun’22
 Total Business recorded a YoY growth of 9% reaching the level of ₹1100943 Cr in
Jun’23 from ₹1009454 Cr in Jun’22
 Advances increased by 13% YoY to ₹479404 Cr in Jun’23 from ₹425203 Cr in Jun’22
 RAM (Retail, Agriculture & MSME) advances grew by 13% YoY to ₹276435 Cr in Jun’23
from ₹244247 Cr in Jun’22
 RAM contribution to gross domestic advances is 61%. Retail & Agri advances grew
by 16% YoY each while MSME advances grew by 7% YoY. Home Loan (Including
mortgage) grew by 14% YoY, Auto Loan by 29% YoY and Personal Loan by 52%
YoY
 Deposits grew by 6% YoY and reached to ₹621539 Cr in Jun’23
 CASA deposits recorded a YoY growth of 5% and stood at ₹250242 Cr in Jun’23. The
share of CASA to total deposits stood at 40%.
 GNPA decreased by 266 bps YoY to 5.47% in Jun’23 from 8.13% in Jun’22, NNPA
reduced by 142 bps YoY to 0.70% from 2.12% in Jun’22
 Provision Coverage Ratio (PCR, including TWO) improved by 702 bps YoY to
95.10% from 88.08% in Jun’22
 Capital Adequacy Ratio stood at 15.78%. CET-I & Tier I Capital at 12.31% &
12.88% respectively

 Net Profit up by 18% QoQ to ₹1709 Cr in Jun’23 from ₹1447 Cr in Mar’23
 Profit Before Tax up by 65% QoQ at ₹2394 Cr in Jun’23 from ₹1452 Cr in Mar’23
 Operating Profit stood at ₹4135 Cr in Jun’23 as against ₹4016 Cr in Mar’23
 Net Interest Income stood at ₹5703 Cr in Jun’23 as against ₹5508 Cr in Mar’23
 Return on Assets (RoA) improved by 13 bps QoQ to 0.95% in Jun’23
 Return on Equity (RoE) improved by 240 bps QoQ to 17.88% in Jun’23
 Cost-to-Income Ratio improved by 225 bps QoQ to 44.22% in Jun’23
Key Highlights (Quarter ended Jun’23 over Jun’22)

Key Highlights (Quarter ended Jun’23 over Mar’23)

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 Priority Sector portfolio stood at ₹160863 Cr in Jun’23. Priority sector advances as a
percentage of ANBC stood at 44% as against the regulatory requirement of 40%.
Network:
 The Bank has 5798 domestic branches including 3 Digital Banking Units (DBUs), out of
which 1970 are Rural, 1517 are Semi-Urban, 1168 are Urban & 1143 are in Metro
category. The Bank has 3 overseas branches & 1 IFSC Banking Unit (IBU).
 The Bank has 4804 ATMs & BNAs and 10805 number of Business Correspondents (BCs).
Digital Banking:
 Transactions through ATM, BNA & Digital channels improved by 7% YoY in Q1FY24.
 Mobile Banking users increased by 36% YoY.
 UPI users and transactions increased by 33% YoY and 85% YoY respectively.
 During Q1FY24, the Bank has launched various Digital Journeys under its Digital
Transformation Programme.
Awards & Accolades:
 Bank received the following awards for excellent performance in enrollment of Atal
Pension Yojana (APY) scheme:
 APY Leadership Pinnacle Exemplary Award of Par Excellence (Campaign for MD &
CEO of banks): Indian Bank topped among all the PSBs with 181.95% achievement
of the target.
 APY National Championship Cup for Sponsor Banks and RRBs: Bank stood 2 nd Best
among all the teams- received APY Championship Trophy of Par-Excellence along
with APY Championship Exemplary Award.

Our Focus:
We strive to enhance customer satisfaction by leveraging digital technologies, delivering
customised experiences and proactively resolving customers’ issues. Through continuous
staff trainings and a customer-centric approach, we focus to build trust, promote
financial literacy and empower individuals and businesses to achieve their financial goals.