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IOB profit jumps 56%, asset quality improves
Financial Express Mumbai
|January 15, 2026
Domestic NIM to be maintained at 3.3-3.4% range
INDIAN OVERSEAS BANK (IOB) on Wednesday reported a 56% year-on-year jump in its net profit to ₹1,365 crore for the third quarter, extending its ₹1,000-crore-plus quarterly profit run to the fourth straight quarter since March 2025.
Total income rose 15% to ₹9,672 crore, driven by growth in both interest and non-interest income. Interest income increased 15% to ₹8,172 crore while non-interest income also grew at a similar pace to ₹1,499 crore. Interest expenses rose 13% to 4,874 crore, helping net interest income (NII) grow 18% to ₹3,299 crore.
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