Indian Overseas Bank Q2 FY27 Profit Jumps 56%; Gross NPA Improves to 1.19%
Indian Overseas Bank reported a 56% year-on-year increase in consolidated net profit to Rs 1,962.67 crore for the quarter ended September 30, 2026, compared with Rs 1,258.82 crore in the corresponding quarter of the previous year.
Total consolidated income increased 13% YoY to Rs 10,427.88 crore, while operating profit for the quarter stood at Rs 3,066.74 crore.
The Board of Directors approved the financial results at its meeting held on October 26, 2026.
Indian Overseas Bank Asset Quality
Indian Overseas Bank reported an improvement in asset quality during Q2 FY27. The Gross Non-Performing Assets (NPA) ratio declined to 1.19% from 1.83% in the corresponding quarter of the previous year.
The Net NPA ratio improved to 0.16% from 0.28% a year earlier. The bank's Provision Coverage Ratio (PCR) stood at 97.69% as of September 30, 2026.
Indian Overseas Bank Key Metrics
As of September 30, 2026, Indian Overseas Bank reported a Basel III Capital Adequacy Ratio of 18.60%. Its standalone annualised Return on Assets (RoA) stood at 1.53% for the quarter.
Total deposits stood at Rs 4,07,428.18 crore, while total advances amounted to Rs 3,42,060.58 crore as of September 30, 2026.
Indian Overseas Bank Q2 FY27 Highlights
| Particulars | Q2 FY27 Performance |
|---|---|
| Consolidated net profit | Rs 1,962.67 crore, up 56% YoY |
| Total consolidated income | Rs 10,427.88 crore, up 13% YoY |
| Operating profit | Rs 3,066.74 crore |
| Gross NPA ratio | 1.19%, compared with 1.83% a year earlier |
| Net NPA ratio | 0.16%, compared with 0.28% a year earlier |
| Provision Coverage Ratio | 97.69% |
| Capital Adequacy Ratio | 18.60% |
| Annualised Return on Assets | 1.53% (standalone) |
| Total deposits | Rs 4,07,428.18 crore |
| Total advances | Rs 3,42,060.58 crore |
What to Watch Next
- Further changes in gross and net NPA ratios will be important indicators of the bank's asset quality.
- Deposit and advances trends will provide insight into the bank's balance-sheet growth in the coming quarters.
- The Capital Adequacy Ratio and Provision Coverage Ratio will remain key measures of the bank's capital position and provisioning coverage.
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