Indian Overseas Bank (IOB) has announced a significant increase in its net profit for the fourth quarter of the fiscal year 2026, reaching ₹1,505 crore. This marks a 43.20% rise compared to ₹1,051 crore in the same quarter of the previous year. For the entire fiscal year, the bank’s net profit surged by 56.16%, totalling ₹5,208 crore.
The bank’s operating profit also saw a modest increase of 1.80% in Q4 FY26, amounting to ₹2,665 crore, up from ₹2,618 crore in Q4 FY25. Over the 12-month period, the operating profit climbed by 15.40% to ₹10,026 crore.
Net Interest Income (NII) for the quarter rose by 11.11%, reaching ₹3,470 crore, compared to ₹3,123 crore in Q4 FY25. For the full year, NII increased by 15.46%, totalling ₹12,574 crore. The bank’s domestic Net Interest Margin (NIM) stood at 3.35%, while the global NIM was 3.25% in Q4 FY26.
IOB’s total business grew by ₹1.16 lakh crore, reaching ₹6.79 lakh crore as of March 2026, a year-on-year growth of 20.76%. The bank’s total deposits increased by 18.03% to ₹3.68 lakh crore, while total advances rose by 24.16% to ₹3.10 lakh crore.
In terms of asset quality, the bank reported a reduction in its Gross NPA ratio by 72 basis points year-on-year, standing at 1.42%. The Net NPA ratio also decreased by 16 basis points to 0.21%. The Provision Coverage Ratio (PCR) improved by 20 basis points to 97.50%.
The bank’s capital adequacy ratio (CAR) increased by 74 basis points to 19.78% in Q4 FY26. Tier-I capital stood at 16.94%, while Tier-II capital was at 2.84% as of March 2026.
IOB continued to expand its branch network, adding 159 branches to reach a total of 3,494 branches across India. The bank also increased its ATM/CR network by 154, bringing the total to 3,651 as of March 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).