IOB may seek more time to lower govt shareholding to 75%
Published on: March 2, 2026, 10:18 p.m. | Source: The Financial Express
According to the lender, the rating also reflects its improving financial performance, citing a record net profit of Rs 1,365 crore in the December quarter of FY26 and a decline in the slippage ratio to 0.5% from 2.9% in FY23. The rating is expected to strengthen the bank’s funding profile and support its planned capital raise.
