Business EconomyPosted at: Jul 18 2025 9:42PM


IOB posts historic Rs 1,111 cr net profit in Q1 FY26

Bengaluru, July 18 (UNI) Indian Overseas Bank (IOB) today reported a record-breaking net profit of Rs 1,111 crore for the quarter ended June 30, 2025, marking a 75.57% year-on-year (Y-o-Y) growth from Rs 633 crore in the corresponding quarter last year. This is the highest-ever quarterly net profit in the bank’s history.
According to the financial results released today, the public sector bank also saw its operating profit surge by 40.70% to Rs 2,358 crore, while Net Interest Income (NII) rose 12.50% to Rs 2,746 crore. The Net Interest Margin (NIM) stood at 3.04%.
IOB's total business grew 12.19% Y-o-Y to Rs 5.93 lakh crore, with total deposits up 10.75% to Rs 3.31 lakh crore and gross advances rising 14.05% to Rs 2.62 lakh crore. The bank’s CASA deposits grew by 15% to Rs 1.45 lakh crore, with CASA ratio improving to 43.78%.
Asset quality also improved significantly. Gross NPA fell to 1.97% (down 92 basis points Y-o-Y), and Net NPA declined to 0.32%. Provision Coverage Ratio rose to an impressive 97.47%. The slippage ratio dropped to 0.10%, while credit cost stood at a conservative 0.29%.
IOB's Capital Adequacy Ratio (CRAR) under Basel III norms improved to 18.28%, with CET1 at 15.78%. Return on Assets (RoA) increased to 1.14%, and Return on Equity (RoE) jumped to 19.00%. Cost-to-income ratio improved by 754 basis points to 44.22%.
Total recovery during the quarter rose 46.13% to Rs 851 crore, including Rs 629 crore recovered from written-off accounts.
On the operational front, IOB expanded its domestic branch network to 3,345 branches, up from 3,250, and significantly increased Business Correspondent engagement to 10,872. Total customer touchpoints grew to 17,678 across India.
IOB was ranked first among PSBs in June 2025 for outstanding customer service (CPGRAMS). The bank also launched several digital initiatives including QR-based feedback, WhatsApp banking, and organic farming cards.
Further, IOB hosted a major FPO conclave in Madurai and signed an MoU with IIBF for a specialized MSME course. The bank was also recognized as a top performer under the Kalaignar Kaivinai Thittam MSME scheme and received a special citation under the EASE 7.0 reforms.
Indian Overseas Bank’s performance in Q1 FY26 reflects strong fundamentals, digital agility, and improved asset quality, positioning it well for sustained growth in the coming quarters.
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