'Indian Overseas Bank has reported 58%
growth in net profit at Rs 1226.42 crore for the quarter ended September 2025
(Q2FY2026). The bank has posted healthy 21% growth in net interest income
(NII), while the core fee income of the bank also improved 21% in Q2FY2026. The
Net Interest Margin (NIM) of the bank improved to 3.21% in Q2FY2026 compared to
3.08% in the corresponding quarter of previous year.
On business front, the bank as has posted 14% growth
in business with strong 21% surge in loan book. The asset quality of the bank has
continued to improve in Q2FY2026. The credit to deposit ratio has increased substantially
to 82.0% at end September 2025 from 74.1% at end September 2024. However, the
CASA ratio of the bank has declined to 40.5% at end September 2025 from 42.4% at
end September 2024.
Asset quality improves: The bank has continued to improve asset quality
in Q2FY2026.
The fresh slippages of loans stood at Rs 345 crore
in ...
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