Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares ET Bureau Indian Bank owned 0.34% in NSE before the divestment.
Synopsis Indian Bank gained Rs 1,388 crore from the NSE listing, boosting second-quarter non-interest income by 50% to Rs 3,953 crore.
The one-time gain offset pressure from rising bond yields, despite Rs 123 crore in mark-to-market losses.
Meanwhile, Canara Bank and UCO Bank reported declines in other income, reflecting weaker treasury earnings.
By Atmadip Ray, ET Bureau XPeers Indian Bank Share Price Punjab National Bank Share Price Union Bank of India Share Price Bank of Baroda Share Price Canara Bank Share Price Oct 16, 2026, 12:34:00 PM IST Follow us Kolkata: The public listing of the National Stock Exchange has provided a Rs 1388 crore bonanza to Indian Bank, helping it to grow treasury earnings in the second quarter offsetting the adverse impact of higher bond yields.ADVERTISEMENT The one-time gain led to a 50% quarter-on-quarter surge in the bank's non-interest income -- which includes income from treasury operations -- at Rs 3953 crore while other state-owned lenders saw a dip in this parameter."The NSE listing also helped mark-to-market gains," Indian Bank managing director Binod Kumar told ET.
The Chennai-headquartered lender owned 0.34% in NSE before the divestment using the offer for sale window during the initial public offer.
The holding came down to 0.28% post this exercise, people aware said.
The bank meanwhile suffered Rs 123 crore mark-to-market loss from instruments kept under Held for Trading bucket.Canara Bank reported a 14% quarter-on-quarter dip in other income at Rs 5772 crore owing to 53% fall in treasury earnings for the same period at Rs 499 crore.
Uco Bank's other income saw a 47.4% quarterly dip at Rs 888 crore.
