Indian Bank reports H1 business growth, announces new auditors

Indian Bank informed stock exchanges on October 1, 2025, about a change in its Statutory Central Auditors (SCAs) team. Four new firms will undertake the limited review of financial results for the quarter and half-year ended September 30, 2025, while M/s Kailash Chand Jain & Co. (Mumbai) ceased to be an SCA upon completion of their term.

In a related announcement, the bank reported provisional financial results for the same period. Total business grew to INR 13.98 Lakh Crore, marking a 12.4% year-over-year increase. Total deposits reached INR 7.76 Lakh Crore, up 12.0% year-over-year, with SB deposits growing by 6.4% and CA deposits by 13.9%.

Gross advances also saw robust growth, increasing by 12.9% year-over-year to INR 6.22 Lakh Crore. RAM (Domestic) recorded a 16.3% year-over-year increase, reaching INR 3.78 Lakh Crore. These provisional figures are subject to review by the newly appointed Statutory Central Auditors.