IOB Q2 FY27 Net Profit Surges 55.95% YoY to ₹1,912 Crore, Driven by Strong NII Growth
Indian Overseas Bank reported a 55.95% YoY increase in Q2 FY27 net profit to ₹1,912 Crore. NII grew 26.41% to ₹3,867 Crore. Gross NPA reduced to 1.19% and Net NPA to 0.16%. Global business grew 22.05% to ₹7,53,078 Crore.
The announcement details significant improvements in key financial metrics and asset quality for the quarter and half-year, which are material to investors and stakeholders, indicating a high impact.
The bank has reported strong year-on-year growth in net profit, operating profit, net interest income, and global business, along with significant improvements in asset quality (reduction in NPAs) and cost-to-income ratio. This indicates a positive financial performance.
Indian Overseas Bank (IOB) has reported a significant financial performance for the quarter and half-year ended September 30, 2026. The bank's Net Profit for the second quarter of FY27 witnessed a substantial jump of 55.95% year-on-year, reaching ₹1,912 Crore, compared to ₹1,226 Crore in the same period last year.
This robust profit growth was underpinned by a 26.41% YoY increase in Net Interest Income (NII) to ₹3,867 Crore. Operating Profit also saw a healthy rise of 25.67% YoY to ₹3,016 Crore.
The bank demonstrated improved asset quality, with Gross NPA ratio reducing by 64 bps YoY to 1.19% and Net NPA ratio declining by 12 bps YoY to 0.16%. The Cost to Income Ratio (CIR) improved significantly by 498 bps YoY to 40.78%.
Global Business grew by 22.05% YoY to ₹7,53,078 Crore, with Global Advances increasing by 24.35% YoY to ₹3,45,650 Crore. Global Deposits rose by 20.16% YoY to ₹4,07,428 Crore, with CASA deposits showing a 20.73% YoY growth to ₹1,65,862 Crore.
For the half-year ended September 2026, Net Profit increased by 52.85% YoY to ₹3,572 Crore. NII grew by 30.15% YoY to ₹7,555 Crore, and NIM (Domestic) improved by 22 bps YoY to 3.48%.
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Indian Overseas Bank filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.