IOB Q2 Profit Jumps 58% to Rs 1,226 Cr
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Indian Overseas Bank reports a 58% surge in net profit to Rs 1,226 crore for the Sep quarter. NPA improves. IOB shares trade at Rs 39.99.
New Delhi, Oct 16 (PTI) Public sector lender Indian Overseas Bank (IOB) on Thursday reported a 58 per cent jump in net profit at Rs 1,226 crore for the second quarter ended September 30 of the current fiscal.
The bank had a net profit of Rs 777 crore in the September quarter of the 2024-25 fiscal.
Interest income rose to Rs 5,856 crore during the September quarter of FY'26, from Rs 5,055 crore in the year-ago period.
Gross non-performing assets (NPA) improved to 1.83 per cent during the July-September quarter, from 2.72 per cent of total loans in the same quarter of 2024.
Shares of IOB were trading at Rs 39.99, down 0.60 per cent over the previous close on BSE.
The bank had a net profit of Rs 777 crore in the September quarter of the 2024-25 fiscal.
Interest income rose to Rs 5,856 crore during the September quarter of FY'26, from Rs 5,055 crore in the year-ago period.
Gross non-performing assets (NPA) improved to 1.83 per cent during the July-September quarter, from 2.72 per cent of total loans in the same quarter of 2024.
Shares of IOB were trading at Rs 39.99, down 0.60 per cent over the previous close on BSE.
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