Indian Overseas Bank reports record net profit, strong growth in H1

Indian Overseas Bank announced an all-time high net profit of ₹1,226 crore for the quarter ended September 30, 2025, a 57.79% year-on-year increase. Operating profit for the quarter rose by 12.78% to ₹2,400 crore, and net interest income increased by 20.53% to ₹3,059 crore. For the half-year, net profit grew by 65.74% to ₹2,337 crore, with operating profit up 25.08% to ₹4,758 crore.

The bank's total business increased by 14.10% year-on-year to ₹6,17,034 crore, driven by a 9.15% rise in total deposits to ₹3,39,066 crore and a 20.78% increase in gross advances to ₹2,77,968 crore. Asset quality improved significantly, with Gross Non-Performing Assets (GNPA) ratio reducing by 89 bps to 1.83% and Net Non-Performing Assets (NNPA) ratio decreasing by 19 bps to 0.28%. The Provision Coverage Ratio (PCR) improved by 42 bps to 97.48%, and the Capital Adequacy Ratio (CRAR) increased by 49 bps to 17.94%.

The bank confirmed that all outstanding listed non-convertible debt securities are unsecured. No deviations in the utilization of funds raised for the quarter were reported.