IOB Net Profit Jumps 55.95% to ₹1,912 Cr in Q2 FY27

Indian Overseas Bank (IOB) reported a significant 55.95% year-on-year increase in net profit for the second quarter of FY27, reaching ₹1,912 Crore. This strong performance was driven by a 25.67% rise in operating profit to ₹3,016 Crore and a 26.41% increase in Net Interest Income (NII) to ₹3,867 Crore. Key financial metrics showed substantial improvement, including a 14 bps increase in domestic NIM to 3.49% and a 16 bps rise in global NIM to 3.37%. Asset quality also improved, with Gross NPA ratio declining by 64 bps to 1.19% and Net NPA ratio by 12 bps to 0.16%. Global business grew by 22.05% to ₹7,53,078 Crore, with advances up 24.35% and deposits up 20.16%. For the half-year ended September 2026, net profit rose 52.85% to ₹3,572 Crore.