Refile: BUZZ-Indian Bank jumps most in 20 months as profit rises, asset quality improves

Indian Bank

10/07/2026 08:45

Corrects to drop extraneous words in first bullet
** Shares of Indian Bank INBA.NS rise 9.5% to 868 rupees
** Stock set for biggest one-day percentage gain since October 28, 2024 
** Top pct gainer on Nifty PSU bank index.NIFTYPSU, which is up 3.8%      
** Lender's quarterly net profit rose 10% y/y
** Gross bad loans as percentage of total loans at 1.86% as of June-end vs 1.98% three months ago and 3.01% a year earlier
** More that 6.5 million shares traded so far, 2x their 30-day avg         
** YTD, INBA up around 4% vs 0.3% drop in .NIFTYPSU

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com))