Indian Bank 1,500-apprentice recruitment drive

INDIANB Indian Bank reported Q2 FY27 consolidated net profit of ₹3,541.32 crore, up 13.92% year-on-year and 5.48% quarter-on-quarter, on interest earned of ₹19,148.99 crore (up 15.16% YoY), operating profit of ₹14,281.27 crore (up 16.5% YoY), and PBDT of ₹4,942.82 crore (up 17.94% YoY); standalone net profit rose 14.71% YoY to ₹3,462 crore, with gross advances up 15.04% to ₹6.60 lakh crore and gross NPA down to 1.61%. On the market side, shares closed at ₹876.10 on November 6, up 0.36%, with a 52-week range of ₹624.60–₹905.60 and a market cap near ₹1.35 lakh crore. In recruitment, the bank announced 1,500 apprentice vacancies for FY 2026-27 (including 270 in Tamil Nadu), with the application portal active from November 5 and a deadline of November 25. On the rates side, Indian Bank revised MCLR and TBLR lending rates effective November 3, while keeping base rate, BPLR and repo-linked rates unchanged; the board also approved ₹5,000 crore in long-term infrastructure bonds and ₹2,000 crore in AT1/Tier 2 instruments. In a leadership update, Navin Kumar Shrivastava was appointed Chief General Manager–Chief Risk Officer effective January 1, 2026, and Manasa Gangotri Kata joined as a Government of India nominee director on October 2.