Indian Bank Q3 Results: Stock Jumps 5% on Improved Slippages, Double-Digit Growth

• Indian Bank reported a 7.3% year-on-year increase in net profit to ₹3,061 crore for the December quarter.
• Net Interest Income (NII) grew by 7.5% to ₹6,895 crore, while other income rose 20% to ₹2,570 crore.
• Asset quality improved with Gross NPAs declining to 2.23% from 2.6% sequentially, and Net NPAs stable at 0.15%.
• Fresh slippages significantly improved to ₹997 crore, down from ₹1,132 crore in the previous quarter.
• Deposits grew 12.6% to ₹7.91 lakh crore and advances increased 14.2% to ₹6.39 lakh crore year-on-year.

Why It Matters: Indian Bank's Q3 performance shows strong profit growth, improved asset quality, and robust business expansion.