Indian Bank raises deposit rates. ICICI lifts target for Indian Bank stock to INR 1,020

Published on 10/25/2026 at 02:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 profit hit INR 3,462 crore, up 14.7 percent year over year. ICICI Securities set a INR 1,020 target for Indian Bank stock.

Signals from earnings and funding

Indian Bank raised special deposit rates to 6.80 percent and 6.75 percent effective October 23, 2026.
September-quarter net profit reached INR 3,462 crore, a 14.7 percent year-over-year increase.
ICICI Securities raised its target from INR 1,000 to INR 1,020 on October 16, 2026.

Indian Bank, INE562A01011, Illustration mit AI erstellt.

Indian Bank (ISIN INE562A01011) raised rates on two special term deposits to 6.80 percent and 6.75 percent effective October 23, 2026, according to EquityBulls. The latest move came as the bank's September-quarter results and a fresh analyst target reshaped the stock narrative.

Deposit rates move higher

The 555-day Ind Grow rate increased from 6.65 percent to 6.80 percent, while the 777-day Ind Prosper rate rose from 6.60 percent to 6.75 percent. The Economic Times reported the changes on October 22, 2026, with both increases set at 15 basis points.

What does the target imply?

DSIJ said on October 16, 2026, that ICICI Securities raised its target from INR 1,000 to INR 1,020 while maintaining a Buy recommendation. The broker also raised its fiscal-year 2027 and fiscal-year 2028 earnings-per-share estimates by 4 percent and 3 percent, respectively, while identifying agricultural and small-business credit stress as a risk.

Three dated developments

On October 15, 2026, Indian Bank reported standalone September-quarter net profit of INR 3,462 crore, up 14.7 percent year over year, and net interest income of INR 7,719 crore, up 17.8 percent, according to CNBC TV18. On October 16, 2026, ICICI Securities lifted its target to INR 1,020 from INR 1,000, as DSIJ reported. On October 23, 2026, the bank's two special deposit rates became effective at 6.80 percent and 6.75 percent, according to EquityBulls.

Stock stays below its yearly high

Indian Bank was last at INR 837.15 on October 23, 2026 at 3:28 p.m. IST on the NSE. Its 52-week range was INR 764.05 to INR 1,000.90, while market capitalization stood at INR 1.1 trillion on that date. The combination of higher profit, stronger net interest income and a higher target supports the earnings case, but the bank's own disclosure also highlights funding costs and credit quality as key variables.