Indian Overseas Bank ends higher after net profit rises over 49% YoY in Q1
Mumbai, July 20 -- Net interest income (NII) grew by 34.3% on YoY basis to Rs 2,693 crore in Q1 FY27 as against Rs 2,358 crore in Q1 FY26. Domestic net interest margin (NIM) stood at 3.48% as on 30 June 2026, up 31 basis points YoY.
Operating profit for Q1 FY27 rose 14.21% to Rs 2,693 crore from Rs 2,358 crore in Q1 FY26.
Provisions declined by 1.19% YoY to Rs 834 crore in the June 2026 quarter. Provision Coverage Ratio stood at 97.67% as on 30 June 2026.
Profit before tax in Q1 FY27 stood at Rs 1,859 crore, up by 22.80% from Rs 1,514 in Q1 FY26.
Gross NPA as on 30 June 2026 was 1.33% as against 1.97% as on 30 June 2025. Net NPA was at 0.18% as on 30 June 2026 as compared with 0.32% as on 30 June 2025
Total business of the bank grew ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.