IOB Q1 net rises 49.32% to ₹1,659 crore
Indian Overseas Bank reported a 49.32% increase in net profit to ₹1,659 crore for the quarter ending June 2026. The bank also saw significant growth in net interest income and total business volume, alongside an expansion of its branch network.
Why it matters
Strong quarterly results for a major public sector bank indicate positive trends in the Indian banking sector's profitability and credit growth.
Chennai headquartered Indian Overseas Bank (IOB) saw its net profit increase by 49.32% to ₹1,659 crore for the quarter ended June 2026. Net interest income (NII) increased by 34.30% year on year to ₹3,688 crore during the quarter. The bank’s Domestic NIM (net interest margin) increased to 3.48% while Global NIM increased to 3.37%.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in