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Indian Bank climbs as board to mull fund raising on 15th Oct?26
13-Oct-2026 | 13:11
Indian Bank jumped 2.33% to Rs 833 after the public sector lender announced that its board will meet on Thursday, October 15, 2026, to consider a fund-raising plan.
The board will also consider and approve the bank?s unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026, for the financial year 2026-27.
Indian Bank offers financial services in India including personal loans, home loans, saving accounts, credit cards, and secure digital banking. As of 30th June 2026, the bank operated 6,003 domestic branches, including three digital banking units (DBUs), three overseas branches and an IFSC Banking Unit (IBU) at GIFT City.
The bank reported a 10.10% year-on-year rise in standalone net profit to Rs 3,273.09 crore in Q1 FY27, compared with Rs 2,972.82 crore in Q1 FY26. The bank's total income increased 10.69% to Rs 20,723.62 crore in Q1 FY27 from Rs 18,721.31 crore in Q1 FY26.
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