Indian Overseas Bank Reports All-Time High Net Profit of ₹ 1,365 Cr in Q3FY26, Up 56.18% YoY

Indian Overseas Bank has announced its Q3FY26 results, highlighting a significant increase in profitability and business growth. The net profit for the quarter stands at ₹ 1,365 crore, a 56.18% YoY increase. The net profit for the first nine months of the fiscal year is ₹ 3,703 crore, up by 62.13%. The operating profit for the quarter is ₹ 2,603 crore, a 14.87% YoY increase, with a 21.27% YoY increase for the first nine months. The net interest income (NII) for the quarter is ₹ 3,299 crore, a 18.29% YoY increase, with a 17.20% YoY increase for the first nine months. The domestic net interest margin (NIM) has increased to 3.42% for Q3FY26. The bank's total business has reached ₹ 6.44 lakh crore, registering a 18.71% YoY growth. The bank's CASA deposits have registered a 7.8% YoY growth, and retail term deposit has increased by 16.3%. The bank's total advances have increased by 24.1% to ₹ 2.95 lakh crore. The gross NPA ratio stands at 1.54%, reduced by 101 bps YoY. The net NPA ratio stands at 0.24%, reduced by 18 bps YoY. The recovery from the written off accounts for Q3FY26 stands at ₹ 635 crore. The bank's capital adequacy ratio (CAR) at the end of Q3FY26 stands at 16.30%. The bank has added 116 new branches in the last one year, increasing the network to 3,438 branches.