Indian Overseas Bank — Updates, 18-07-2025: Press Release

IOB posted a stellar quarter with net profit surging 75.57% to ₹1,111 Cr. Operating profit also jumped 40.70%. The bank showcased robust business expansion, with total business growing 12.19% to ₹5,93,213 Cr and gross advances increasing 14.05%. Asset quality saw significant improvement, with Gross NPA reducing to 1.97% and Net NPA to 0.32%. The Provision Coverage Ratio strengthened to 97.47%. The bank expanded its domestic branch network and launched key digital initiatives, boosting customer engagement. Capital Adequacy reached 18.28%.