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IOB PROFIT ALL-TIME HIGH AT ₹1,365 CRORE
The Morning Standard
|January 15, 2026
PUBLIC sector Indian Overseas Bank (IOB) on Wednesday reported an all-time high net profit of ₹1,365 crore, up 56.18% YoY in Q8FY26, driven by rise in interest income and recovery of nonperforming assets (NPAs).
The bank reported ₹874 crore in Q3FY25. Ajay Kumar Srivasta-va, CEO & MD at IOB said the bank is planning to raise ₹4,000 crore from markets through QIP in the coming months, reducing the Centre’s stake in it to nearly 4% if fully subscribed.
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