Indian Overseas Bank has informed the Exchange regarding a press release dated April 29, 2026, titled "Press Release for the Financial Results as on 31.03.2026".
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Indian Overseas Bank reported strong Q4FY26 results with net profit jumping 43.20% year-on-year to ₹1,505 crore, while full-year net profit rose 56.16% to ₹5,208 crore. Total business grew 20.76% to ₹6.79 lakh crore, driven by 24.16% growth in advances and 18.03% growth in deposits. Asset quality improved significantly with gross NPA ratio declining 72 basis points to 1.42% and net NPA falling to 0.21%. The bank maintained a healthy recovery-to-slippages ratio of 2.95x for the full year. Capital adequacy ratio stood strong at 19.78%. The bank added 159 branches, taking its total network to 3,494 branches across India.
Strong profitability growth, improving asset quality, and healthy capital position are positive signals for shareholders. The 56% PAT growth and 20%+ business growth indicate the bank is gaining market share while maintaining financial discipline.