The Exchange had sought clarification from Indian Overseas Bank for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act. -2. 2013 or as per Indian Accounting Standard. The response of the Company is enclosed.
IOB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indian Overseas Bank (IOB) responded to NSE's queries about the format and readability of its Q3 FY26 financial results. The bank clarified that as a Public Sector Bank, the Companies Act 2013 and Ind AS do not fully apply — financial statements are prepared under the Third Schedule of the Banking Regulation Act, 1949. It also confirmed that the Malaysia-based joint venture (IIBMB) is no longer consolidated, as the full book value of the investment has been recovered. Alongside, IOB reported Q3 FY26 standalone net profit of ₹1,36,512 lakhs, up about 56% from ₹87,366 lakhs in Q3 FY25, with 9M FY26 net profit of ₹3,70,259 lakhs versus ₹2,28,364 lakhs a year earlier. Asset quality improved sharply, with Gross NPA at 1.54% (vs 2.55% YoY) and Net NPA at 0.24% (vs 0.42% YoY). Capital Adequacy Ratio stood at 16.30% and Provision Coverage Ratio at 97.49%.
The exchange query was procedural rather than punitive, and the bank's explanation is reasonable for a PSU bank, so this is unlikely to weigh on the stock. The underlying Q3 results are positive — strong profit growth, sharply lower NPAs, and healthy capital ratios should support investor sentiment.