Indian Overseas Bank Q1 FY27 Net Profit Surges 49.32% to ₹1,659 Crore
Indian Overseas Bank reported a 49.32% rise in Q1 FY27 Net Profit to ₹1,659 crore compared to Q1 FY26. Total business grew 17.72% to ₹6,98,325 crore. Deposits and advances increased by 13.72% and 22.75% respectively. Gross NPA reduced to 1.33% and Net NPA to 0.18%.
The announcement details strong financial performance with significant profit growth, improved asset quality (reduced NPAs), and robust business growth across deposits and advances. These factors are highly material for investors and stakeholders, indicating a positive outlook for the bank.
The bank has reported significant year-on-year growth in net profit, operating profit, and net interest income. Key metrics like NIM, ROA, ROE, and credit growth have shown positive trends. Furthermore, a substantial reduction in NPAs and maintenance of strong capital ratios indicate a healthy financial performance.
Indian Overseas Bank (IOB) has announced its financial results for the quarter ended June 30, 2026, showcasing a significant growth momentum. The bank's Net Profit jumped by 49.32% year-on-year to ₹1,659 crore. Operating profit also saw a healthy increase of 14.21% to ₹2,693 crore.
Net Interest Income (NII) grew by 34.30% to ₹3,688 crore. The bank improved its Net Interest Margins (NIM), with Domestic NIM rising to 3.48% and Global NIM to 3.37%. Return on Assets (ROA) improved to 1.41%, and Return on Equity (ROE) increased to 22.69%.
Total business of the bank grew by 17.72% to ₹6,98,325 crore. Deposits increased by 13.72% to ₹3,76,193 crore, with SB Deposits growing by 18.14% and Retail Term Deposits by 15.81%. Total credit advanced by 22.75% to ₹3,22,132 crore, with significant growth in the RAM segment, particularly in Retail (36.49%), Agri (46.84%), and MSME (16.15%).
The bank has also demonstrated a strong reduction in Non-Performing Assets (NPA). Gross NPA reduced to 1.33% and Net NPA to 0.18%. Fresh slippages were at a historic low of ₹195 crore, with a slippage ratio of 0.06%. NPA recovery stood at ₹654 crore, which is 3.35 times the quarterly slippages. The Provision Coverage Ratio (PCR) increased to 97.67%.
IOB maintained strong capital adequacy, with CRAR increasing to 19.36%. The bank also expanded its domestic branch network to 3,522 branches, adding 28 new branches during the quarter.
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See the model portfoliosA plain-language summary of a public exchange filing by Indian Overseas Bank. Read the original for the full detail.