Bengaluru, July 18 -- Indian Overseas Bank (IOB) today reported a record-breaking net profit of Rs 1,111 crore for the quarter ended June 30, 2025, marking a 75.57% year-on-year (Y-o-Y) growth from Rs 633 crore in the corresponding quarter last year. This is the highest-ever quarterly net profit in the bank's history.
According to the financial results released today, the public sector bank also saw its operating profit surge by 40.70% to Rs 2,358 crore, while Net Interest Income (NII) rose 12.50% to Rs 2,746 crore. The Net Interest Margin (NIM) stood at 3.04%.
IOB's total business grew 12.19% Y-o-Y to Rs 5.93 lakh crore, with total deposits up 10.75% to Rs 3.31 lakh crore and gross advances rising 14.05% to Rs 2.62 lakh crore. The bank's...