Indian Overseas Bank (IOB) reported that net profit for the fourth quarter of FY26 rose by 43.20 per cent to Rs 15.05 bn and net profit for the 12 months increased by 56.16 per cent to Rs 52.08 bn. Operating profit for the quarter was Rs 26.65 bn and operating profit for the year was Rs 100.26 bn. Net interest income for the quarter rose by 11.11 per cent to Rs 34.70 bn and total NII for the year was Rs 125.74 bn.

Total business reached Rs 6,786.14 bn as of March 2026, up 20.76 per cent year on year, while total deposits rose 18.03 per cent to Rs 3,681.91 bn. CASA deposits were Rs 1,509.36 bn and the domestic CASA ratio improved by 17 basis points to 41.46 per cent. Advances increased 24.16 per cent to Rs 3,104.23 bn and the RAM portfolio expanded by 34.91 per cent, driven by retail, agriculture and MSME growth.

Asset quality strengthened as gross non performing asset ratio fell to 1.42 per cent and net non performing asset ratio declined to 0.21 per cent, with provision coverage ratio at 97.50 per cent and credit cost at 0.30 per cent. Slippages for the fourth quarter were Rs three point six six bn and full year slippages were Rs 12.11 bn, while quarterly recoveries were Rs nine point six zero bn and full year recoveries were Rs 35.76 bn.

Capital adequacy improved with the capital adequacy ratio at 19.78 per cent, tier one at 16.94 per cent and tier two at two point eight four per cent. The bank added 159 branches to reach 3,494 branches, expanded ATM and customer service points to 3,651, and increased business correspondent outlets to 12,187, bringing total customer touchpoints to 19,332.