Indian Overseas Bank (IOB) has achieved significant milestones in FY 2025-26, with total business growing by 20.76% to ₹6,78,614 crore. The bank saw a robust increase in deposits by 18.03% to ₹3,68,191 crore and gross advances by 24.16% to ₹2,94,405 crore. Profitability also soared, with Net Profit increasing by 56.16% to ₹5,208 crore. The bank also strengthened its digital infrastructure and maintained a healthy CASA ratio of 41.46%.
Robust Business Growth
Indian Overseas Bank (IOB) has achieved another significant milestone during FY 2025–26, with Total Business increasing by ₹1,16,657 crore to ₹6,78,614 crore as on March 31, 2026, registering a robust year-on-year growth of 20.76%. Gross Advances increased by 24.16% to ₹3,10,423 crore, while Total Deposits grew by 18.03% to ₹3,68,191 crore, reflecting strong and broad-based business expansion.
Strengthening Profitability
Your Bank delivered another year of strong profitability and operational excellence. Net Interest Income (NII) increased by 15.46% to ₹12,574 crore. Operating Profit crossed the landmark ₹10,000 crore and increased by 15.40% to ₹10,026 crore. The Bank achieved its highest-ever annual Net Profit of ₹5,208 crore, registering an impressive year-on-year growth of 56.16%.
Significant Improvement in Asset Quality
Your Bank continued its remarkable journey in strengthening asset quality and further consolidating its position among the best-performing Public Sector Banks. Gross NPA declined significantly from 2.14% to 1.42%, while Net NPA improved from 0.37% to 0.21%. The Bank maintained an industry-leading Provision Coverage Ratio of 97.50%.
Key Initiatives during FY 2025–26
Product Innovation & Digital Growth: During FY 2025–26, your Bank launched several innovative liabilities, asset, and digital products to strengthen business growth and customer engagement. On the liability side, key launches included IOB Eco Savings Account, IOB Parivaar Account, IOB Premium Salary Account, etc. The Bank also upgraded its Core Banking System to Finacle 10.2.25 and launched a new Mobile Banking application and Corporate Website.
Source: BSE
