Analysts/Institutional Investor Meet/Con. Call Updates

INVESTOR SERVICES CELL Ref. No.: ISC/141/2026-27 Date: 17.07.2026 The Vice President The Vice President National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Bandra- Kurla Complex 25, P. J. Towers Bandra East, Mumbai-400 051 Dalal Street, Mumbai-400001 NSE Symbol: INDIANB BSE Scrip Code- 532814 Dear Sir / Madam, Subject: Transcript of Post Earnings Concall / Meet In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our Letter No. ISC/127/2026-27 dated 06.07.2026 and Letter No. ISC/136/2026-27 dated 10.07.2026 regarding Analysts / Investors Concall / Meet, we are enclosing a copy of Transcript of said post Earnings Concall / Meet held by the Bank on 10.07.2026 on the Financial Results of the Bank for the First Quarter of FY 2026-27 ended on 30th June 2026. The Concall Transcript has also been uploaded on Bank’s website and the same can be accessed through below link: https://indianbank.bank.in/en/audio-video-recording-concall-transcripts This is for your information, record and dissemination please. Yours faithfully, For Indian Bank AGM & Company Secretary Encl: A/a Corporate Office: 254-260, Avvai Shanmugam Salai, Royapettah, Chennai – 600 014 फोि Phone: 044-2813 4484/4698, ई-मेल Email: investors@indianbank.bank.in Indian Bank Q1 FY’27 Results Post Earnings Conference Call / Meet Held on 10.07.2026 Transcript Management: Shri Binod Kumar MD & CEO Shri Ashutosh Choudhury Executive Director Shri Shiv Bajrang Singh Executive Director Ms. Mini T M Executive Director Moderator: Shri Anand Dama Analyst, Nuvama Wealth Management Ltd. Disclaimer : This is a transcript and may contain transcription errors. The Bank or the sender takes no responsibility for such errors, although an effort has been made to ensure high level of accuracy. Anand Dama (Host, Nuvama Wealth) Good evening, ladies and gentlemen. I welcome you all to Indian Bank’s post-results conference call for the first quarter of FY’27, hosted by Nuvama Wealth Management. From the top management, we have with us Shri Binod Kumar, Managing Director and Chief Executive Officer, Shri Ashutosh Choudhury, Executive Director, Shri Shiv Bajrang Singh, Executive Director and Ms. Mini T. M., Executive Director. I request the Managing Director to briefly summarise the key highlights from the Q1 FY’27 results and provide strategic direction on growth, margins and asset quality. We will then open the call for questions and answers. Over to you, sir. Shri Binod Kumar, MD & CEO Anand ji, first of all, I am sorry that I will have to leave at 6:30 p.m. because of an urgent call. However, the conference can continue, as Mr. Ashutosh Choudhury and the other members of the management team are here and can address the questions. First of all, thank you once again for joining this analyst call. The results have been published and we have seen good growth in both deposits and advances. It is a very balanced growth profile. Deposits grew by 13.40%, while advances grew by 13.89%, leaving a gap of only around 40 basis points. I believe the gap between deposit and advance growth should remain range-bound, otherwise, a wide gap starts affecting overall profitability and NIM. The key highlight is that CASA grew by 15.30%, with savings deposits growing by 13.54% and current account deposits by 26.33%. The domestic CD ratio is 78.66%, while the global CD ratio is 81.06%. The domestic CASA ratio improved by 6 basis points sequentially and by around 76 basis points year-on-year. Advances grew by 13.89% to around Rs.6.85 lakh crore. Corporate advances grew by 11.49%, while RAM advances grew by 14.80%. Retail grew by 18.74%. Agriculture grew by 9.96%, partly because the transition in jewel loans during the first two months involved IT issues and the framing of various policies. Growth was negative during the initial two months, but it picked up thereafter, resulting in growth of around 10%. There is no concern on that count. Going forward, we expect agriculture growth to return to the 15-16% range. MSME grew by 17%, and RAM constitutes 66% of the overall loan book. Net profit increased by 5.48% sequentially and 10.09% year-on-year to Rs.3,273 crore. Operating profit increased by 5.13% sequentially and 16.51% year-on-year to Rs.5,557 crore. NII grew by around 17% year-on-year and 4.59% sequentially. Both domestic and global NIM expanded by 6 basis points. Return on assets declined by 3 basis points year- on-year but improved by 3 basis points sequentially. Return on equity stood at 19.48%. The cost-to-income ratio declined to 44.80%, compared with around 46% for the previous financial year. We have guided for around 45% and we expect it to remain in that range. The provision coverage ratio stood at 98.22%, compared with 98.28% at the end of the previous financial year. Page 1 of 12 We could have maintained the earlier level, but the net NPA ratio would then have declined further from 0.15% to 0.14% or 0.13%, therefore, we are comfortable with the current position. Credit cost declined from 0.47% in March 2026 to 0.23%. There were concerns in the previous analyst meeting about credit cost increasing, but that was a March phenomenon. It may again rise in March because of audit-related factors, but for the remaining quarters, slippages and credit cost should remain within our guided range of 1%. The capital adequacy ratio is 17.58%, and CET1 is 16.51%. The transfer of IFR reserves of Rs.2,000 crore from Tier 2 to Tier 1 had an impact of around 44 basis points. Gross NPA declined by 115 basis points year-on-year and 12 basis points sequentially to 1.86%. Net NPA remained flat at 0.15%. The slippage ratio declined to 0.77% from 0.96% in March’ 26. Recoveries were Rs.1,885 crore, compared with slippages of Rs.1,250 crore. One large account contributed a recovery of around Rs.400 crore during the quarter. The overall SMA book remained broadly flat. SMA-2 accounts above Rs.5 crore increased by around Rs.190 crore, mainly because one account moved into SMA-2 following a DCCO- related issue. The DCCO extension has been received, and the repayment schedule will be extended accordingly. Once we approve the DCCO extension, that SMA account should also move back within the normal range. We are on track on almost all guidance parameters. Against our recovery guidance of Rs.4,500-5,500 crore, we have already achieved almost Rs.1,900 crore. We expect gross NPA to reach 1.50-1.60%, and I do not see any challenge in achieving that. We had guided for a CASA ratio of 40%, and we reached 39.73% during the quarter. CASA remains a challenge, but with the support of our staff, we expect to maintain progress. One encouraging development is the increased participation of branches. During the corresponding period last year, only around 25-27% of branches achieved their targets. This quarter, 51% of branches achieved their targets. That is a good sign that branches have started participating more actively. With that, we can move directly to the question-and- answer session. Anand Dama (Host, Nuvama Wealth) Do you see any stress in the MSME segment? A few banks have spoken about this. Second, have you sanctioned any ECLGS credit? Please also discuss the amount in absolute terms or as a percentage of credit. Shri Binod Kumar, MD & CEO We had also expected that there might be some MSME stress, but so far it is not visible. The SMA book declined year-on-year from 7.99 to 4.69 and sequentially from 4.73 to 4.69. Therefore, as of now, we are not seeing any stress, although we will remain watchful going forward. Page 2 of 12 If some stress emerges, ECLGS will come to the rescue of such accounts. The total eligible ECLGS amount is approximately Rs.11,000 crore, based on the formula prescribed by the government, of which around Rs.5,000 crore has been disbursed. Ashok Ajmera, Analyst You have said that MSME stress is not visible so far, but around Rs.5,000 crore has already been disbursed under the ren [Showing first 8,000 characters — download PDF for full document]