Indian Bank Shares in Focus: Gross Advances Saw Double-Digit Growth in Q3FY26

On January 2, 2025, Indian Bank shares price rose ~3%, reaching a day high of ₹862.35 at 12:30 PM after opening at ₹843.45 on BSE. The gain in Indian Bank shares follows the release of the Q3FY26 business update on Thursday, January 1, 2026. 

The bank reported its provisional business performance for the third quarter of FY26, showing robust double-digit growth across key balance-sheet indicators compared to the same period last year.

Total Business Recorded Double-Digit Growth

Data submitted to the stock exchanges revealed that the bank’s total business rose 13.4% year-on-year to ₹14.30 lakh crore in Q3 FY26, up from ₹12.61 lakh crore in Q3 FY25. Gross advances climbed 14.5% to ₹6.40 lakh crore during the quarter, up from ₹5.59 lakh crore a year earlier, indicating strong and sustained credit growth.

Total deposits also saw healthy growth, rising 12.5% year-on-year to ₹7.90 lakh crore, compared with ₹7.02 lakh crore in the corresponding quarter of the previous year. Current account (CA) deposits recorded a sharp increase of 19.4%, reaching ₹0.43 lakh crore from ₹0.36 lakh crore.

Also Read: Punjab & Sind Bank Shares in Focus: Reported Rising Deposits and CASA in Q3FY26

Segmental Growth

The bank’s Retail, Agriculture, and MSME (RAM) segment, a key focus area for public sector banks, posted a 17% year-on-year growth, increasing to ₹3.92 lakh crore from ₹3.35 lakh crore in Q3 FY25. Meanwhile, the domestic CASA (current and savings account) ratio dipped slightly to 39.02% in Q3 FY26, compared with 40% in the same quarter last year.

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