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INDIANB - Indian Bank

📊 NSE: INDIANB 🏢 Banks - Public Sector 📅 Last Updated: 12/14/2025 7:58

📢 Recent Corporate Announcements

Indian Bank Sets June 10, 2026, as Record Date for Dividend Payment

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 29 Apr 2026, 02:21 PM

Indian Bank has officially announced June 10, 2026, as the record date to determine shareholder eligibility for the upcoming dividend. The dividend payment is subject to approval by shareholders at the 20th Annual General Meeting (AGM) scheduled for June 17, 2026. The bank's register of members and share transfer books will remain closed from June 11 to June 17, 2026. This corporate action follows the Board of Directors' meeting held on April 29, 2026.

Record date for dividend eligibility is fixed as June 10, 2026
20th Annual General Meeting (AGM) to be held on June 17, 2026, via video conferencing
Book closure period scheduled from June 11, 2026, to June 17, 2026
Dividend distribution is contingent upon shareholder approval at the ensuing AGM

💡 Investors seeking to qualify for the dividend should ensure they own the shares before the ex-dividend date, which is typically one business day prior to the June 10 record date.

Indian Bank Sets June 10 as Record Date for Dividend; 20th AGM on June 17, 2026

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 29 Apr 2026, 02:19 PM

Indian Bank has scheduled its 20th Annual General Meeting (AGM) for June 17, 2026, to be conducted via video conferencing. The bank has established June 10, 2026, as the Record Date to identify shareholders eligible for the proposed dividend. Consequently, the register of members and transfer books will be closed from June 11 to June 17, 2026. The final dividend payout remains subject to shareholder approval during the upcoming AGM.

20th Annual General Meeting (AGM) to be held on June 17, 2026
Record Date for dividend eligibility fixed as June 10, 2026
Book closure period announced from June 11 to June 17, 2026
Dividend payment is contingent upon shareholder approval at the AGM

💡 Investors seeking to qualify for the dividend should ensure they hold the stock in their demat accounts before the record date of June 10, 2026. Existing shareholders should also review the AGM proceedings for management's outlook on credit growth and asset quality.

Indian Bank Q4 Net Profit Rises to ₹3,103 Cr; Proposes ₹18.25 Dividend & ₹5,000 Cr Fundraise

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 29 Apr 2026, 02:10 PM

Indian Bank reported a steady performance for Q4 FY26 with a standalone net profit of ₹3,103 crore, representing a year-on-year growth from ₹2,956 crore. The bank's asset quality showed significant improvement, with Gross NPA falling below 2% and Net NPA reaching a very low 0.15%. To support future growth, the board has approved a fresh capital raising plan of up to ₹5,000 crore and rewarded shareholders with a substantial dividend of ₹18.25 per share.

Net Profit for FY26 increased by 11.3% YoY to ₹12,155.65 crore compared to ₹10,918.29 crore in FY25.
Gross NPA improved significantly to 1.98% from 3.09% YoY, while Net NPA stood at a robust 0.15%.
Board recommended a dividend of ₹18.25 per equity share (182.50% of paid-up capital) for FY 2025-26.
Approved raising equity capital up to ₹5,000 crore through various modes including QIP, FPO, or Rights Issue.
Capital Adequacy Ratio (Basel III) remains strong at 17.93% with a CET1 ratio of 16.40%.

💡 The bank's industry-leading Net NPA levels and healthy capital adequacy make it a strong performer in the PSU banking space. Investors should consider the high dividend yield and potential for growth-led re-rating following the proposed ₹5,000 crore capital infusion.

Indian Bank Recommends ₹18.25 Dividend; FY26 Net Profit Rises 11% to ₹12,156 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Apr 2026, 02:05 PM

Indian Bank reported a steady performance for FY26 with a standalone net profit of ₹12,155.65 crore, an 11.3% increase over the previous year. The Board has recommended a final dividend of ₹18.25 per share, reflecting a strong payout ratio. Asset quality showed significant improvement with Gross NPA falling below 2% to 1.98%. Furthermore, the bank has approved a fresh equity capital raising plan of up to ₹5,000 crore to support future growth.

Recommended a final dividend of ₹18.25 per equity share (182.50% of face value) for FY 2025-26.
Standalone Net Profit for FY26 grew 11.3% YoY to ₹12,155.65 crore from ₹10,918.29 crore.
Gross NPA improved significantly to 1.98% from 3.09% YoY, while Net NPA stood at a low 0.15%.
Board approved raising equity capital up to ₹5,000 crore through various modes including QIP, FPO, or Rights Issue.
Capital Adequacy Ratio (Basel III) remains robust at 17.93% with a CET 1 ratio of 16.40%.

💡 Investors should take note of the bank's superior asset quality and healthy capital position, which provide a strong cushion for growth. The dividend yield remains attractive, and the proposed capital raise indicates readiness for credit expansion.

Indian Bank FY26 Net Profit Rises 11% to ₹12,156 Cr; Proposes ₹18.25 Dividend

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 29 Apr 2026, 01:59 PM

Indian Bank reported a steady performance for FY26, with annual standalone net profit growing 11.3% YoY to ₹12,155.65 crore. Asset quality showed significant improvement, with Gross NPA dropping to 1.98% from 3.09% and Net NPA reaching a low of 0.15%. The bank's board recommended a healthy dividend of ₹18.25 per share and approved a fresh equity capital raising plan of up to ₹5,000 crore to support future growth. Capital adequacy remains robust at 17.93%, providing a strong cushion for the balance sheet.

Annual Net Profit for FY26 increased to ₹12,155.65 crore from ₹10,918.29 crore in FY25.
Gross NPA improved significantly to 1.98% vs 3.09% YoY, while Net NPA fell to 0.15% vs 0.19% YoY.
Recommended a dividend of ₹18.25 per equity share (182.50% of paid-up capital).
Board approved raising equity capital up to ₹5,000 crore through QIP, FPO, or Rights Issue.
Capital Adequacy Ratio (Basel III) stood at 17.93% with a strong CET-1 ratio of 16.40%.

💡 Investors should take note of the sharp improvement in asset quality and the healthy dividend yield. The proposed ₹5,000 crore fundraise indicates the bank is positioning itself for aggressive credit expansion in the upcoming fiscal year.

Indian Bank to Hold Q4 FY26 Post-Earnings Analyst Call on April 29, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 22 Apr 2026, 07:57 PM

Indian Bank has scheduled a post-earnings conference call for April 29, 2026, at 6:00 PM IST to discuss its audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The call will feature the bank's top leadership, including MD & CEO Shri Binod Kumar and four Executive Directors. This session, hosted by Emkay Global Financial Services, will provide institutional investors and analysts an opportunity to discuss the bank's performance and future outlook. Such calls are critical for understanding management's perspective on asset quality, loan growth, and margin guidance.

Post-earnings conference call scheduled for April 29, 2026, at 6:00 PM IST.
Agenda covers Audited Financial Results (Standalone & Consolidated) for Q4 and FY 2025-26.
Top management participation includes MD & CEO Shri Binod Kumar and four Executive Directors.
The call is organized in coordination with Emkay Global Financial Services Ltd.
Access provided via Webex and dedicated dial-in numbers for Mumbai and Bangalore.

💡 Investors should monitor the call for management's guidance on Net Interest Margins (NIM) and credit cost projections for the upcoming fiscal year. Pay close attention to any updates regarding the bank's asset quality and recovery targets from stressed accounts.

Indian Bank Promoter (Govt of India) Reports Zero Encumbrance on 99.45 Crore Shares

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Apr 2026, 12:52 PM

Indian Bank has submitted a regulatory disclosure confirming the shareholding status of its promoter, the President of India (Government of India), as of March 31, 2026. The promoter holds 99,45,49,600 equity shares in the bank. The filing declares that no encumbrances, either direct or indirect, were created on these shares during the financial year 2025-26. This is a standard annual compliance requirement under SEBI Takeover Regulations to ensure transparency regarding promoter pledges.

Promoter (Government of India) holds 99,45,49,600 equity shares as of March 31, 2026.
Zero encumbrances or pledges were made on the promoter's holding during the financial year 2025-26.
Disclosure filed under Regulation 31(4) and 31(5) of SEBI (SAST) Regulations, 2011.
Confirms stable ownership structure with no debt-related risks against promoter shares.

💡 This is a routine regulatory filing with no immediate impact on stock valuation. Investors should maintain their focus on the bank's upcoming quarterly earnings and credit growth metrics.

Indian Bank Announces Senior Management Changes for KYC and International Banking Divisions

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 16 Apr 2026, 08:13 PM

Indian Bank has announced internal reassignments within its senior management team effective April 16, 2026. Ms. Aruna M, a veteran with over 38 years of banking experience, has been appointed as General Manager for the KYC department. Shri Vineet Bajpai, who possesses 33 years of experience and specialized knowledge in Treasury and Risk Management, will take charge of the International Banking Division (IBD). These moves represent a strategic alignment of experienced personnel to critical regulatory and operational roles.

Ms. Aruna M appointed as General Manager (KYC) with over 38 years of banking experience
Shri Vineet Bajpai appointed as General Manager (IBD) with 33+ years of experience
Changes in senior management assignments are effective from April 16, 2026
Both officials are CAIIB certified with specialized academic backgrounds in Science and Treasury Management

💡 This is a routine administrative reshuffle of senior personnel and does not necessitate any immediate change in investment strategy. Investors should focus on the bank's upcoming quarterly financial results for performance indicators.

Indian Bank: Cessation of Two Independent Directors Effective April 11, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 11 Apr 2026, 12:16 PM

Indian Bank has announced the cessation of Shri Balmukund Sahay and Shri Vishvesh Kumar Goel from their positions as Part-Time Non-Official Directors. Their respective terms of appointment concluded on April 10, 2026, leading to their departure from the board effective April 11, 2026. This change is a routine administrative matter following the completion of their designated tenures as per SEBI regulations. The bank is expected to initiate the process of filling these vacancies to maintain appropriate board composition and governance standards.

Shri Balmukund Sahay and Shri Vishvesh Kumar Goel ceased to be Directors effective April 11, 2026
The cessation occurred due to the completion of their official appointment terms on April 10, 2026
Both individuals served as Part-Time Non-Official (Independent) Directors of the bank
The disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

💡 No immediate action is required as this is a routine board rotation due to term completion. Investors should monitor future announcements regarding new independent director appointments to ensure continued board oversight.

Indian Bank Promoter Reports Zero Encumbrance on 99.45 Crore Shares for FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Apr 2026, 12:22 PM

The President of India, acting as the promoter of Indian Bank, has declared a holding of 99,45,49,600 equity shares as of March 31, 2026. In accordance with SEBI Takeover Regulations, the promoter confirmed that no direct or indirect encumbrances or pledges were created on these shares during the 2025-26 financial year. This is a standard annual compliance disclosure intended to provide transparency regarding promoter shareholding. The filing ensures that the majority stake remains unencumbered and free of any liens.

Promoter (Government of India) holds 99,45,49,600 equity shares as of March 31, 2026
Zero encumbrances or pledges were made on the promoter's holding during the financial year 2025-26
Disclosure filed under Regulation 31(4) and 31(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations

💡 This is a routine regulatory filing and does not require any immediate action. Investors should note the stability of the promoter's unencumbered stake as a sign of standard corporate governance.

Indian Bank Revises Short-Term TBLR to 5.30%; MCLR and Other Rates Remain Unchanged

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 02 Apr 2026, 03:44 PM

Indian Bank has announced a minor revision in its Treasury Bills Linked Lending Rates (TBLR) effective from April 3, 2026. The TBLR for tenors of 3 months or less has been reduced by 5 basis points from 5.35% to 5.30%. All other benchmark rates, including the 1-year MCLR at 8.75% and the Base Rate at 9.55%, remain unchanged. This adjustment reflects the bank's routine asset-liability management based on current market yields of Treasury Bills.

TBLR for tenors <= 3 months reduced from 5.35% to 5.30%.
1-Year MCLR remains steady at 8.75%, ensuring stability for most term loans.
Base Rate and BPLR maintained at 9.55% and 13.80% respectively.
Repo Linked Benchmark Lending Rate (RBLR) stays unchanged at 7.95%.
Revised rates are effective from April 3, 2026.

💡 This is a routine operational update with minimal impact on the bank's overall interest margins. Investors should focus on the bank's upcoming quarterly earnings for broader trends in credit growth and asset quality.

Indian Bank Q4FY26 Business Update: Total Business Grows 13.1% YoY to ₹14.98 Lakh Crore

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 01 Apr 2026, 06:25 PM

Indian Bank reported a robust 13.1% YoY growth in total business, reaching ₹14.98 Lakh Crore for the fiscal year ending March 2026. Gross advances increased by 13.6% YoY to ₹6.68 Lakh Crore, driven by a strong 15.7% growth in the RAM (Retail, Agriculture, MSME) segment. Total deposits grew by 12.6% YoY to ₹8.30 Lakh Crore, with a notable 20% surge in Current Account (CA) deposits. The domestic CASA ratio stood at 39.86%, showing a healthy sequential improvement from 39.08% in the previous quarter.

Total business reached ₹14.98 Lakh Crore, marking a 13.1% YoY and 4.8% QoQ growth
Gross Advances grew 13.6% YoY to ₹6.68 Lakh Crore, with the RAM segment growing at 15.7%
Total Deposits rose 12.6% YoY to ₹8.30 Lakh Crore, supported by a 20% YoY increase in CA deposits
Domestic CASA ratio improved sequentially to 39.86% from 39.08% in December 2025

💡 The bank shows healthy credit and deposit growth with a recovering CASA ratio, making it a positive indicator for upcoming earnings. Investors should hold and monitor the full quarterly results for net interest margin (NIM) performance.

Indian Bank to Close Trading Window from April 1, 2026, Ahead of Q4 and FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Mar 2026, 07:42 PM

Indian Bank has announced the closure of its trading window for all designated persons and directors starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the bank's financial results for the fourth quarter and full year ending March 31, 2026. The window will remain closed until 48 hours after the official declaration of these results. This is a standard regulatory procedure for listed companies to prevent insider trading during the period when price-sensitive information is being finalized.

Trading window for listed securities (Shares & Bonds) to close effective April 1, 2026.
Closure applies to all Directors and Designated Persons of the Bank.
The window will reopen 48 hours after the declaration of Q4 and FY 2025-26 financial results.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory announcement with no direct impact on the stock's fundamentals. Investors should monitor for the upcoming board meeting date when the bank will announce its Q4 and annual financial performance.

Indian Bank Raises Rs 5,000 Crore via Long Term Infrastructure Bonds at 7.15%

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 24 Mar 2026, 07:56 PM

Indian Bank has successfully completed the allotment of Series III Long Term Infrastructure Bonds, raising a total of Rs 5,000 crore. The bonds were issued through a private placement on the BSE EBP platform and carry a coupon rate of 7.15%. The allotment was made to four institutional investors on March 24, 2026. This capital raise will help the bank fund long-term infrastructure projects and improve its asset-liability management.

Successfully raised Rs 5,000 crore through Series III Long Term Infrastructure Bonds
Bonds carry a fixed coupon rate of 7.15% per annum
Allotment of 5,00,000 bonds with a face value of Rs 1.00 lakh each
Issue was completed via private placement with 4 allottees
Bonds are senior, rated, listed, and unsecured in nature

💡 This fundraise strengthens the bank's capital position for infrastructure lending; investors should maintain a positive outlook on the bank's long-term credit growth potential.

Indian Bank Secures 'AAA' Rating for Proposed Rs 5,000 Crore Infrastructure Bonds

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 16 Mar 2026, 08:05 PM

Indian Bank has received top-tier credit ratings from CARE and CRISIL for its proposed Rs 5,000 crore Infrastructure Bonds, both assigning a 'AAA' rating with a stable outlook. The agencies also reaffirmed existing ratings for various instruments, including Tier 2 bonds and Certificate of Deposits worth Rs 45,000 crore. These high ratings reflect the bank's strong capital position and low credit risk profile. This development is expected to facilitate the bank's capital raising efforts at competitive interest rates.

CARE and CRISIL assigned fresh 'AAA Stable' ratings to proposed Rs 5,000 crore Infrastructure Bonds.
Reaffirmed 'AAA Stable' rating for existing Infrastructure Bonds (Series I & II) and Basel III Tier 2 Bonds.
Basel III AT 1 Perpetual Bonds of Rs 1,000 crore reaffirmed at 'AA+ Stable'.
CRISIL reaffirmed 'A1+' rating for Certificate of Deposits totaling Rs 45,000 crore.
Issuer Rating reaffirmed at 'AAA Stable' by CARE Ratings Ltd.

💡 The 'AAA' rating signifies the highest safety regarding timely servicing of financial obligations, making it a positive signal for long-term investors. Shareholders should monitor the successful deployment of these funds into high-yield infrastructure projects.

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💰 Financial Performance

Revenue Growth by Segment

Total Interest Income grew 8.09% YoY to ₹16,590 Cr in Q2FY26. Growth was led by the RAM (Retail, Agriculture, MSME) segment which grew 15.57% YoY to ₹3.76 lakh Cr, while Corporate credit grew at a slower pace of 5.10% YoY to ₹1.97 lakh Cr. Specifically, Retail grew 18.58% (₹1,30,499 Cr), Agriculture 13.98% (₹1,46,205 Cr), and MSME 14.10% (₹98,956 Cr).

Geographic Revenue Split

Domestic advances constitute the vast majority of operations, with RAM sector advances representing 60% of gross advances as of December 2024. Corporate and overseas advances accounted for the remaining 40%.

Profitability Margins

Net Interest Margin (NIM) stood at 3.34% for Q2FY26. Return on Assets (RoA) was 1.32% and Return on Equity (RoE) was 19.58%. Net Profit for Q2FY26 increased 11.49% YoY to ₹3,018 Cr, supported by a 5.76% YoY increase in Net Interest Income to ₹6,551 Cr.

EBITDA Margin

Operating Profit for Q2FY26 was ₹4,837 Cr, a growth of 2.31% YoY. The cost-to-income ratio was previously reported at 45.92% for FY24. Operating expenses grew 8.05% YoY to ₹4,201 Cr in Q2FY26, primarily driven by employee and technological costs.

Capital Expenditure

While traditional Capex is not the primary metric for banks, Indian Bank is heavily investing in digital transformation, with a target digital business of ₹2,25,000 Cr, of which ₹1,23,585 Cr was achieved by H1FY26.

Credit Rating & Borrowing

The bank maintains a strong credit profile supported by a 73.84% Government of India stake. Cost of Deposits stood at 5.01% in Q2FY26 (up 13 bps YoY), while the overall Cost of Funds was 5.09%. Capital adequacy (CRAR) improved to 15.92% as of December 2024.

⚙️ Operational Drivers

Raw Materials

For Indian Bank, 'raw materials' are deposits. Total deposits grew 12.09% YoY to ₹7.77 lakh Cr in Q2FY26. CASA (Current Account Savings Account) deposits, which are low-cost, grew 7.23% YoY.

Import Sources

Not applicable as the bank sources deposits domestically through its extensive branch network across India.

Key Suppliers

Not applicable; the bank's 'suppliers' are its retail and corporate depositors.

Capacity Expansion

The bank operates a massive network including 5,800+ branches. Digital capacity is expanding, with MSME digital adoption increasing from 45% to 57% QoQ in Q2FY26.

Raw Material Costs

Interest expenses (cost of deposits) rose 9.67% YoY to ₹10,039 Cr in Q2FY26. This increase is due to the high-interest-rate environment, which raised the cost of deposits to 5.01%.

Manufacturing Efficiency

Yield on Advances stood at 8.40% in Q2FY26. The bank's efficiency is driven by its RAM-to-Corporate mix, where RAM (higher yield) now makes up 60% of the book.

Logistics & Distribution

Distribution is handled via 15,598 Business Correspondents (BCs) and a growing digital footprint, with digital business reaching ₹3,77,865 Cr.

📈 Strategic Growth

Expected Growth Rate

12-13%

Growth Strategy

The bank aims to achieve growth by focusing on the RAM segment (15.57% YoY growth) and digital lending. It is targeting a digital business of ₹2.25 lakh Cr and leveraging its 15,598 BCs to penetrate rural markets for financial inclusion products like PMJDY and MUDRA.

Products & Services

Savings accounts, current accounts, fixed deposits, retail loans (mortgage, vehicle), agriculture loans (KCC, SHG), MSME credit, corporate loans, and digital banking services via the IndOASIS app.

Brand Portfolio

Indian Bank, Indbank Merchant Banking Services, Ind Bank Housing Ltd, Tamil Nadu Grama Bank, Puduvai Bharathiar Grama Bank.

New Products/Services

New digital MSME products led to a 57% adoption rate. The bank is also expanding its 'Cloud Leader' infrastructure to support high-volume digital transactions.

Market Expansion

Expansion is focused on rural and semi-urban areas through the BC network and Regional Rural Banks (RRBs) like Tamil Nadu Grama Bank, which has a business size of ₹53,963 Cr.

Market Share & Ranking

Indian Bank is one of the large Public Sector Banks (PSBs) in India. It holds a 3.87% market share in PMJJBY and 3.85% in PMSBY enrolments.

Strategic Alliances

Joint ventures and subsidiaries include Indbank Merchant Banking Services (64.84% stake) and ASREC (India) Ltd.

🌍 External Factors

Industry Trends

The industry is shifting toward 'Digital First' banking and Expected Credit Loss (ECL) based provisioning. Indian Bank is positioning itself by achieving ₹1.23 lakh Cr in digital business in H1FY26.

Competitive Landscape

Faces intense competition from private banks and other PSBs for high-quality retail assets and low-cost deposits.

Competitive Moat

The bank's moat is its low-cost deposit base (CASA) and the implicit sovereign guarantee from 73.84% GoI ownership. This ensures a steady flow of capital and trust, which is sustainable given its status as a major PSB.

Macro Economic Sensitivity

Highly sensitive to RBI monetary policy and interest rate cycles. A 100 bps change in interest rates significantly impacts the ₹10,039 Cr quarterly interest expense.

Consumer Behavior

Increasing preference for digital channels; the bank responded with a 1.3x growth in digital liability business and increased digital MSME adoption.

Geopolitical Risks

Minimal direct exposure, though global economic shifts affect the corporate export-oriented portfolio and overseas branch operations.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI's Prompt Corrective Action (PCA) framework (though not currently under it), Basel III capital norms, and new directives on project financing and ECL provisioning.

Environmental Compliance

The bank is integrating ESG frameworks into its lending and operations, though specific compliance costs were not quantified in INR.

Taxation Policy Impact

The effective tax rate is reflected in the ₹1,080 Cr provision for taxes in Q2FY26 against a Profit Before Tax of ₹4,098 Cr (~26.3%).

Legal Contingencies

The bank monitors SMA 1 and SMA 2 accounts totaling ~₹19,000 Cr as potential credit risks. It also utilizes the Insolvency and Bankruptcy Code (IBC) for recoveries in the corporate segment.

⚠️ Risk Analysis

Key Uncertainties

The transition to ECL provisioning could lead to a one-time hit on capital. SMA 1 and SMA 2 accounts (₹19,000 Cr) represent a key uncertainty for future slippages.