Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.
CARE Ratings upgraded Indian Overseas Bank's (IOB) ₹2,665 Cr Tier-II Bonds to 'CARE AA+/Stable' from 'AA', citing improved financials, asset quality, and profitability. Concurrently, its ₹20,000 Cr Certificates of Deposit were reaffirmed at 'CARE A1+'. The outlook remains Stable, reflecting sustained performance.
Indian Overseas Bank has set September 9, 2026, as the Record Date for its 9.0802% Basel III Tier II Bonds Series III (ISIN: INE565A08035). Bondholders on record as of this date will be eligible to receive the coupon payment. The payment for this bond series is scheduled for September 24,...
Indian Overseas Bank reported a record Q1 FY27 Net Profit of INR 1,659 Cr (+49% YoY) and 22.75% YoY advances growth. Asset quality improved significantly, with GNPA at 1.33% and NNPA at 0.18%. Domestic Net Interest Margin (NIM) reached 3.48%. Management projects sustained profitability and 13-14% credit growth, targeting NIMs...