IOB Q4 FY26 Net Profit Jumps 43.20% to ₹1,505 Cr

Indian Overseas Bank (IOB) reported a strong performance for Q4 FY26 and the full fiscal year. Net Profit for Q4 FY26 surged by 43.20% year-on-year to ₹1,505 crore, with the full-year net profit increasing by 56.16% to ₹5,208 crore. Operating Profit grew by 1.80% to ₹2,665 crore in Q4 FY26 and 15.40% to ₹10,026 crore for the full year. Net Interest Income (NII) rose 11.11% to ₹3,470 crore in Q4 FY26 and 15.46% to ₹12,574 crore for FY26. The bank's total business expanded by 20.76% to ₹6.79 lakh crore. Asset quality significantly improved, with Gross NPA ratio reducing by 72 bps YoY to 1.42% and Net NPA ratio by 16 bps YoY to 0.21%. Provision Coverage Ratio increased to 97.50%. The bank also expanded its branch network by 159 branches.