Board Meeting Details
The Board of Directors meeting was held on October 26, 2026 (Monday) at Chennai, commencing at 11:00 AM and concluding at 12:15 PM.
Financial Results Overview
Standalone Performance (₹ in Lakhs)
Quarter Ended 30.09.2026:
- Interest Earned: ₹9,20,123
- Other Income: ₹1,22,665
- Total Income: ₹10,42,788
- Interest Expended: ₹5,33,425
- Operating Expenses: ₹2,07,714
- Operating Profit: ₹3,01,649
- Provisions & Contingencies: ₹95,008
- Profit Before Tax: ₹2,06,641
- Tax Expenses: ₹15,399
- Net Profit: ₹1,91,242
Half Year Ended 30.09.2026:
- Total Income: ₹21,36,568
- Net Profit: ₹3,57,166
Key Ratios (Standalone):
- Capital Adequacy Ratio: 18.60% (CET 1 Ratio: 16.26%)
- Gross NPA: 1.19% (₹4,11,441 lakhs)
- Net NPA: 0.16% (₹54,358 lakhs)
- Return on Assets (Annualized): 1.41%
- EPS (Basic & Diluted): ₹0.99 for quarter, ₹1.85 for half year
- Net Worth: ₹31,83,462 lakhs
- Government of India Shareholding: 92.44%
Consolidated Performance (₹ in Lakhs)
Quarter Ended 30.09.2026:
- Total Income: ₹10,42,788
- Net Profit: ₹1,96,267 (including share from associates of ₹5,025)
Half Year Ended 30.09.2026:
- Net Profit: ₹3,67,896
Key Ratios (Consolidated):
- EPS (Basic & Diluted): ₹1.02 for quarter, ₹1.91 for half year
- Operating Margin: 28.93%
- Net Profit Margin: 18.82%
Segment Results (Standalone)
The Bank operates in four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations.
Quarter Ended 30.09.2026 Revenue:
- Treasury Operations: ₹2,35,895
- Corporate/Wholesale Banking: ₹2,80,480
- Retail Banking: ₹5,06,114
- Other Banking Operations: ₹20,287
- Unallocated: ₹19
Quarter Ended 30.09.2026 Profit Before Tax:
- Treasury Operations: ₹1,09,889
- Corporate/Wholesale Banking: ₹71,813
- Retail Banking: ₹1,05,557
- Other Banking Operations: ₹14,606
- Unallocated: (₹216)
Cash Flow Statements
Standalone Half Year Ended 30.09.2026:
- Cash Flow from Operating Activities: ₹66,781 lakhs
- Cash Flow from Investing Activities: (₹16,792) lakhs
- Cash Flow from Financing Activities: (₹17,779) lakhs
- Net Increase in Cash: ₹32,210 lakhs
Consolidated Half Year Ended 30.09.2026:
- Cash Flow from Operating Activities: ₹68,533 lakhs
- Cash Flow from Investing Activities: (₹16,792) lakhs
- Cash Flow from Financing Activities: (₹19,531) lakhs
- Net Increase in Cash: ₹32,210 lakhs
Key Notes and Disclosures
1. Accounting Policies: Financial results prepared in accordance with AS 25, Banking Regulation Act, 1949, and RBI guidelines.
2. Associates: Consolidated results include share from Odisha Grameen Bank (35% holding) and Acer Credit Rating Pvt Ltd (26% holding).
3. Tax Matters: Carried balance of Net Deferred Tax Assets of ₹2,31,521.29 lakhs as of September 30, 2026. Disputed demands include Income Tax of ₹74,631.56 lakhs, Service Tax of ₹28,228.95 lakhs, and GST of ₹1,60,752.01 lakhs.
4. NPA Provisions: Provision Coverage Ratio stood at 97.69% as of September 30, 2026. Total provision of ₹9,57,269.76 lakhs held for accounts covered under IBC.
5. COVID-19 Restructuring: Implementation of resolution plans for eligible borrowers with outstanding exposure of ₹75,379.76 lakhs as of September 30, 2026.
6. Security Receipts: Held Security Receipts with book value of ₹27,484.05 lakhs (guaranteed by Government of India) and ₹1,17,486.25 lakhs (not guaranteed).
7. Co-Lending Arrangements: Disbursed ₹1,37,800.83 lakhs across Agri, MSME, and Retail segments with weighted average ROI of 9%.
8. PSLC Transactions: Sold ₹32,50,000 lakhs worth of Priority Sector Lending Certificates earning commission of ₹86,255 lakhs during half year.
9. Project Finance: 74 projects under implementation with total outstanding of ₹3,01,197.71 lakhs as of September 30, 2026.
10. Investor Complaints: No pending complaints as of September 30, 2026.
Additional Information
The financial results are available on the Bank's website at https://www.iob.bank.in/Financial_perf
Copies of the filing have been sent to:
- M/s IDBI Trusteeship Services Ltd, Mumbai
- M/s SBICAP Trustee Company Limited, Mumbai