Announced Fri, 31 Jul · 14:45 IST
CARE upgrades IOB Tier II Bonds to AA+ with Stable outlook
IOB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹33.78
prior close
₹33.92
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.0-0.1+0.9+1.5+1.1+3.0+1.5+1.3-2.3———
Up moveDown movePending
AI summary
CARE Ratings upgraded Indian Overseas Bank's Tier II Bonds from AA to AA+ with a Stable outlook, citing improved financial risk profile, better asset quality and healthy profitability. Certificate of Deposit rating was reaffirmed at CARE A1+. GNPA fell to 1.33 percent by June 2026 from 2.14 percent a year earlier, while NNPA dropped to 0.18 percent. FY26 PAT rose to Rs 5,208 crore from Rs 3,335 crore. Capital adequacy ratio remains comfortable at 19.36 percent.
Likely market impact
Positive for shareholders. Reflects stronger balance sheet, lower bad loans, and may reduce borrowing costs for the bank.