Indian Overseas Bank — Board Meeting, 02-05-2025: Outcome of Board Meeting

Indian Overseas Bank has announced a board meeting to approve the financial results for the quarter and half-year. The bank plans to raise up to ₹4,000 Cr equity capital in FY26, pending shareholder approval, and will issue Basel III-compliant Tier II bonds worth up to ₹1,000 Cr. Consolidated results show a net profit after provisions and strong asset quality with a 97.3% provision coverage ratio. The bank is progressing with winding down its Malaysia JV and holds an 18.06% stake in Universal Sompo General Insurance. Fund utilization remains on track.