Indian Overseas Bank reported a 56.16% YoY surge in net profit to ₹5,208 crore for FY2026, driven by strong business growth and improved asset quality.
Total business grew 20.76% to ₹6.79 lakh crore, with advances up 24.16% and deposits growing 18.03%, while GNPA improved to 1.42% from 2.14%.
The bank maintained a robust capital position with CRAR at 19.78% and outlined its strategy to front-load ECL provisions, having already set aside ₹1,750 crore.
Management emphasized continued focus on RAM (Retail, Agri, MSME) segments, which constitute 83% of domestic advances, and highlighted digital initiatives contributing to 96% of transactions.