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Indian Overseas Bank Posts ₹11.11 Billion Profit in Q1, Asset Quality Hits Multi-Year Best

Updated: July 18, 2025 12:39

Image Source: The Economic Times
Indian Overseas Bank (IOB) has reported a strong financial performance for the June quarter of FY26, with net profit rising to ₹11.11 billion. The bank’s asset quality continues to improve, with gross NPA falling to 1.97 percent, supported by prudent provisioning and robust interest income.
 
Key Highlights:
  • Interest earned during the quarter stood at ₹73.86 billion, reflecting healthy credit growth and improved yields.
  • Provisions for NPAs were ₹1.78 billion, while total provisions and contingencies amounted to ₹8.44 billion, indicating a conservative risk posture.
  • Net profit surged to ₹11.11 billion, driven by higher net interest income and lower slippages.
Asset Quality and Capital Strength:
  • Gross NPA declined to 1.97 percent, one of the lowest among public sector banks, showcasing effective recovery and credit monitoring.
  • Provision Coverage Ratio (PCR) remains high at 97.07 percent, ensuring strong buffers against future stress.
  • Capital Adequacy Ratio (CRAR) stood at 16.97 percent, with Tier-I capital at 14.33 percent, reflecting a well-capitalized balance sheet.
Strategic Context:
  • The bank continues to expand its retail, agriculture, and MSME lending, with RAM advances contributing over 61 percent of domestic credit.
  • CASA ratio improved to 43.37 percent, supporting low-cost deposit mobilization.
  • IOB’s digital initiatives and financial inclusion programs have scaled up, with over 139 lakh PMJDY accounts and 10,000+ banking correspondents.
Sources: Marketscreener, Economic Times, Screener.in, IOB Corporate Filings, CNBC TV18 (July 2025)

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