Indian Overseas Bank — Updates, 02-05-2025: Press Release

Indian Overseas Bank has announced a board meeting on the financial results for the quarter and half-year. Q4 net profit surged 30% YoY to ₹1,051 Cr, driven by a 33.5% rise in operating profit. Annual net profit grew 25.6% to ₹3,335 Cr, supported by a 10.8% increase in net interest income. Asset quality improved with GNPA down to 2.14% and net NPA at 0.37%. Advances rose 14.15% to ₹2.5 lakh Cr, deposits increased 9.1%, and cost-to-income ratio tightened to 44.35%, pushing ROE to 19.53%. The bank also expanded its branch network and launched ESG initiatives.