Indian Bank held its 20th Annual General Meeting (AGM) on June 17, 2026, through video conferencing. Shareholders approved the audited financial statements for the fiscal year ending March 31, 2026, and declared a dividend of ₹18.25 per equity share (182.50%). The meeting also saw shareholders approve the bank's proposal to raise equity capital up to ₹5,000 crore through Qualified Institutions Placement (QIP), Follow on Public Offer (FPO), Rights Issue, or a combination thereof. This capital infusion is intended to support business growth. Furthermore, the extension of tenure for Shri Ashutosh Choudhury as Executive Director for another three years, effective from May 3, 2026, was also approved by the shareholders. The Bank reported strong performance for FY 2025-26, with total business touching ₹14.95 lakh crore, a 12.79% year-on-year growth. Deposits grew to ₹8.28 lakh crore, and gross advances reached ₹6.67 lakh crore. Net profit increased by 11% to ₹12,156 crore, and asset quality improved with Gross Non-Performing Assets (GNPA) declining to 1.98% and Net Non-Performing Assets (NNPA) to 0.15%. The Provision Coverage Ratio (PCR) stood at 98.28%. The bank also received numerous awards for its performance and initiatives.
