Indian Overseas Bank — Important, 18-07-2025: General Updates

Indian Overseas Bank reported strong Q1 FY26 results. Net Profit surged 75.57% YoY to ₹1,111 Cr, with Operating Profit up 40.70%. Asset quality improved significantly, with Gross NPA dropping to 1.97% and Net NPA to 0.32%. Provision Coverage Ratio stands robust at 97.47%. Advances grew 14.05% to ₹2,62,421 Cr, driven by robust Retail & Agri loan growth. Total deposits increased 10.75% to ₹3,30,792 Cr. The bank maintains a strong CRAR of 18.28% and is driving digital initiatives like WhatsApp Banking and a revamped mobile app for enhanced customer experience.