BusinessPhoto: Business StandardIOB Q2 Net Profit Rises 56% to ₹1,963 Crore on Better Asset Quality
Indian Overseas Bank (IOB) reported a 56% increase in net profit to ₹1,963 crore in Q2 FY27, up from ₹1,259 crore in Q2 FY26. Total income rose 13% to ₹10,428 crore, with interest income up 17% to ₹9,201 crore. Net interest income grew 26% to ₹3,867 crore. Asset quality improved, with slippages at ₹240 crore and a gross NPA ratio down 64 basis points to 1.19%.
Business Standard··Chennai




