{"url":"https://newsforagent.com/news/2026-10-26/indian-overseas-bank-q2-profit-jumps","markdown_url":"https://newsforagent.com/news/2026-10-26/indian-overseas-bank-q2-profit-jumps.md","title":"Indian Overseas Bank Q2 Profit Jumps 56% to ₹1,912 Crore","headline":"Indian Overseas Bank Q2 Net Profit Rises 56% to ₹1,912 Crore as Core Income and Asset Quality Improve","description":"Indian Overseas Bank posted a 56% year-on-year rise in September-quarter net profit to ₹1,912 crore, with net interest income up 26.4% to ₹3,867 crore.","section":"Earnings & Results","published_at":"2026-10-26T07:39:10+00:00","modified_at":"2026-10-26T07:39:10+00:00","author":"News Desk","key_takeaways":["Indian Overseas Bank reported September-quarter net profit of ₹1,912 crore, up 56% from ₹1,226.4 crore a year earlier.","Net interest income rose 26.4% to ₹3,867 crore, while other income fell to ₹1,226 crore and provisions rose to ₹950 crore from ₹834 crore in the June quarter.","Gross NPA improved to 1.19% from 1.33% and net NPA to 0.16% from 0.18% in the June quarter."],"companies":[{"name":"Indian Overseas Bank","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00021fo/indian-overseas-bank","website":"https://www.iob.in"}],"source":{"publisher":"CNBCTV18","title":"Indian Overseas Bank Q2 Results: Strong core income drives profitability, asset quality improves - CNBC TV18","url":"https://www.cnbctv18.com/market/indian-overseas-bank-iob-q2-results-nii-profit-npas-slippages-margins-loan-deposit-growth-outlook-share-price-20019293.htm"},"other_sources":[],"tags":["Earnings & Results","Indian Overseas Bank"],"body_markdown":"[Indian Overseas Bank](https://akta.pro/company-profiles/00021fo/indian-overseas-bank) reported a 56% year-on-year rise in September-quarter net profit to ₹1,912 crore, with net interest income up 26.4% to ₹3,867 crore, CNBC TV18 [reported](https://www.cnbctv18.com/market/indian-overseas-bank-iob-q2-results-nii-profit-npas-slippages-margins-loan-deposit-growth-outlook-share-price-20019293.htm) on October 26, 2026. The Chennai-headquartered public sector bank runs retail, MSME, agricultural, corporate and NRI banking services through 3,494 branches and digital channels.\n\n## Indian Overseas Bank's September Quarter Earnings\n\nNet interest income for the quarter rose to ₹3,867 crore from ₹3,059.3 crore a year earlier. Profitability increased to ₹1,912 crore from ₹1,226.4 crore in the base quarter, even as other income dropped to ₹1,226 crore from ₹1,365 crore and provisions rose to ₹950 crore from ₹834 crore in the June quarter.\n\nAsset quality improved sequentially. Gross NPA fell to 1.19% from 1.33% in the June quarter, and net NPA to 0.16% from 0.18%. In absolute terms, gross NPA stood at ₹4,114 crore from ₹4,292 crore in June, while net NPA stood at ₹543.5 crore from ₹588.4 crore.\n\n## Indian Overseas Bank's Profit Record and Government Stake\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Indian Overseas Bank's annual net profit for FY26 was ₹5,209 crore, up 56% from ₹3,335 crore in FY25 and above the ₹5,000 crore mark for the first time. Annual operating profit for FY26 was ₹10,026 crore, rising 15% year-on-year and crossing the ₹10,000 crore milestone for the first time. The same records show the Indian government planning minority stake sales in the bank as part of its ₹80,000 crore disinvestment target for FY27, with the Centre owning 96.5%.\n\n## Rate Move and Card Launch Before the Results\n\nIndian Overseas Bank raised its MCLR by 5 basis points across six tenors effective October 15, 2026, with the one-month rate unchanged at 8.25%, CNBC TV18 reported. The bank and novio launched a co-branded RuPay credit card on September 16, available in Select and Platinum variants, with the FD-backed card targeting UPI-active customers. The bank opened applications for 291 Generalist and Specialist Officer posts from August 29 to September 15, 2026, The Times of India reported.\n\n## Indian Overseas Bank's Next Steps\n\nIndian Overseas Bank's September quarter results were published on October 26, 2026, and the report stated that the story would be updated with more details.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}