IOB reports a significant surge in profitability, with Net Profit reaching an all-time high of ₹1,365 crore, a 56.18% increase year-over-year. The bank’s Operating Profit also rose by 14.87% to ₹2,603 crore for Q3FY26. Strong growth in Net Interest Income (NII) and a focus on asset quality contributed to the impressive financial performance.
Strong Financial Performance
IOB’s strong growth story continues with Net Profit at an all-time high of ₹1,365 Cr, up 56.18% YoY. Net Profit increased by 56.18% to ₹ 1,365 crore in Q3FY26 on Y-o-Y basis as against ₹ 874 crore for Q3FY25. Net Profit for 9 months stands at ₹ 3703 Crore, up by 62.13%.
Operating Profit increased by 14.87% to ₹ 2,603 crore in Q3FY26 on Y-o-Y basis as against ₹ 2,266 crore for Q3FY25. Operating Profit for 9 months stands at ₹ 7,361 Crore, up by 21.27%.
Net Interest Income (NII) increased by 18.29% to ₹ 3,299 crore in Q3FY26 on Y-o-Y basis as against ₹ 2,789 crore for Q3FY25. Net Interest Income for 9 months stands at ₹ 9,104 Crore, up by 17.20%.
Domestic NIM increased to 3.42 % for Q3FY26 as against 3.35 % in Q2FY26
ROA increased to 1.28 % for Q3FY26 as against 0.93 % for Q3FY25
Cost to Income Ratio stands at 45.74% for Q3FY26
Business Highlights
The Bank’s total business increased by ₹ 1.01 lakh Crore, reaching ₹ 6.44 lakh Crore as on December 2025, registering Y-o-Y growth of 18.71%
CASA deposits registered a growth of 7.8 % YoY and stands at ₹ 1.43 lakh crore as of December 2025
Domestic & Global CASA ratio stands at 41.29 % and 40.85 % respectively
Retail Term Deposit (RTD) increased by 16.3% to ₹ 1.75 lakh crore
Deposits increased by 14.5% YoY to ₹ 3.49 lakh Crore
Retail, Agri and MSME Credit Increased by 43.04%, 34.51 % 17.42 % respectively
RAM (Retail, Agri. & MSME) Business grew by 33.1% on Y-o-Y basis.
Total advance of the bank increased by 24.1 % to ₹ 2.95 lakh crore as of December 2025
Asset Quality
Gross NPA ratio at 1.54% reduced by 101 bps YoY.
Net NPA ratio at 0.24% reduced by 18 bps YoY.
Slippage Ratio for Q3FY26 improved by 2 bps YoY and stands at 0.11%
Provision Coverage Ratio (PCR) increased by 42 pbs YoY and stands at 97.49%
Credit Cost for Q3FY26 stands at 0.44% reduced by 26 bps YoY
Capital Adequacy
Capital Adequacy Ratio (CAR) at the end of Q3FY26 stands at 16.30%.
Tier-I stood at 13.99% and Tier-ll stood at 2.30% as of Dec’25.
Branch Network Expansion
Strengthening its Pan-India presence, the Bank added 116 new branches during last one year (December 2024 to December 2025), increasing the network from 3,322 to 3,438 branches as of December 2025.
Source: BSE
