IOB Sees Significant Profit Surge Amid Improved Asset Quality
Published on: Jan. 14, 2026, 6:31 p.m. | Source: Devdiscourse
Indian Overseas Bank reported a 56.2% increase in net profit, reaching Rs 1,365 crore for Q3 FY26, as core business improved and bad loans decreased. The bank's total income rose to Rs 9,672 crore, while gross NPAs fell to 1.54%. Capital adequacy stood at 16.3%.
