Indian Bank lifts FY27 guidance, plans 100 branches
after close2 sources ↓machine-written, see hownot a recommendation
- INDIANB close
- ₹854.10
- On the day
- +2.29%
- Futures OI, long build-up
- +1.4%
- Put-call ratio
- 0.65
- Max pain
- ₹840.00
Indian Bank raised its FY27 advances growth guidance to 13–14% from 11–13% earlier and lifted its deposit growth outlook to 11–12% from 9–11%, chief executive Binod Kumar told Livemint. The bank also plans to open 100 branches during FY27, with a focus on western and central India, while management expects recoveries from bad loans to exceed its initial target. 💼
The revised outlook followed strong first-half operating growth. Deposits rose 12.5% year on year to ₹8.74 trillion and advances increased 16.39% to ₹7.22 trillion as of 30 September, taking total business up 14.22% to ₹15.96 trillion. Standalone Q2FY27 net profit was ₹3,462 cr, up 14.71% year on year, broadly consistent with the 15% increase cited in the earlier report. The bank’s domestic net interest margin stood at 3.41% in H1FY27, up 6 basis points from the comparable period.
Key points:
• Advances growth 13–14% and deposit growth 11–12% for FY27
• 100 branches planned, focused on western and central India
• Recoveries above target expected from bad loans
• Q2FY27 net profit reached ₹3,462 cr, up 14.71% year on year
• Management expects a 5–7 basis-point NIM expansion in 3QFY27
The guidance is relevant for the public-sector banking segment because advances are growing faster than deposits, keeping funding costs and the loan-to-deposit balance important operating measures. The emphasis on retail, agriculture and MSME lending broadens the growth mix, while higher recoveries can support asset quality and reduce pressure from stressed loans. 📈
OI Charts data for 16 Oct 2026 showed the stock at ₹854.10, up 2.29% on the day, with futures open interest up 1.4% in a long build-up. The options market showed a PCR of 0.65, max pain at ₹840, the largest call open interest at ₹900 and the largest put open interest at ₹800. The next focus is 3QFY27 results, including NIM, advances, deposits, credit costs, recoveries and asset quality. 🏦
Source: Livemint, 18 Oct 2026; Sahi, 16 Oct 2026
Not investment advice. For informational purposes only.