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IOB reports all-time high profit of ₹1,226 crore, asset quality improves
The New Indian Express Vishakapatnam
|October 17, 2025
PUBLIC sector Indian Overseas Bank reported a 58% rise in net profit to ₹1226 crore in Q2 FY26 compared to ₹777 crore in the same period last year, recording its all-time highest profit.
It is mainlydriven by higher net interest income, which increased by 20.59% to ₹3,059 crore, and improved recovery of assets. The bank's operating profit stood at ₹2,400 crore, increased by ₹272 crore in Q2FY26 as against ₹2128
Dit verhaal komt uit de October 17, 2025-editie van The New Indian Express Vishakapatnam.
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