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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
The Board approved the appointment of Mr. Akshit Choudhary as Chief Financial Officer effective November 1, 2026. This change coincides with the cessation of Madhaw Chandra Jha from the same role, effective October 31, 2026.
As of July 10, 2026, IOB fully adjusted accumulated losses of ₹8,73,334.22 Lakhs against the Share Premium Account following RBI approval. For the half-year ended September 30, 2026, the Bank also reversed deferred tax assets totaling ₹49,644 Lakhs.
For the quarter ended September 30, 2026, IOB reported a provision coverage ratio of 97.69%. The Bank holds an Expected Credit Loss (ECL) provision of ₹2,70,000.00 Lakhs and IBC-related provisions of ₹9,57,269.76 Lakhs.
Over the trailing one-year period ending November 6, 2026, IOB's stock returned -21.1%. The stock is currently trading at ₹30.54, reflecting a year-to-date return of -15.8% and a maximum drawdown of -46.7% since inception.
As of 06 Nov 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Profit Loss For The Period | ₹1,228 crore | ₹1,659 crore | PEAK₹1,912 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹1,729 crore | ₹1,859 crore | PEAK₹2,066 crore |
| Tax Expense | PEAK₹501 crore | ₹200 crore | ₹154 crore |
| Basic Earnings Per Share After Extraordinary Items | ₹0.65 per share | ₹0.89 per share | PEAK₹1.02 per share |
Indian Overseas Bank reported net profit of ₹1,912 crore for the quarter ended 30 September 2026, up 56% year on year and 15% from Q1 FY2026-27. Interest earned and pre-provision operating profit rose, while lower other income pulled total income down sequentially; the year-on-year profit increase also coincided with a substantially lower tax expense.
Operating expenses were ₹2,077 crore, up 2.6% year on year and down 34% from Q1. Employee costs were ₹884 crore, compared with ₹1,172 crore in Q2 FY2025-26 and ₹2,104 crore in Q1. Other operating expenses increased 40% year on year to ₹1,193 crore and 14% sequentially. Provisions other than tax and contingencies rose 41% year on year and 14% from Q1 to ₹950 crore.
At 30 September 2026, deposits stood at ₹4,07,428 crore and advances at ₹3,42,061 crore. Investments were ₹1,24,649 crore, and total assets were ₹5,17,448 crore.
IOB combined strong year-on-year profit growth with rising interest earned, improving reported NPA ratios and a higher CET1 ratio than a year earlier. Sequentially, profit and operating profit advanced despite lower total income as other income fell; higher provisions and the quarter’s tax expense also remain important context for assessing earnings quality.
Exchange disclosures and regulatory announcements for Indian Overseas Bank.
Indian Overseas Bank submitted its Reconciliation of Share Capital Audit Report under Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The report, dated October 14, 2026, was issued by V. Vasumathy & Associates, Practising Company Secretaries. It reports no change in share capital during the quarter.
Indian Overseas Bank has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
Indian Overseas Bank has informed the Exchange regarding Appointment of Mr Akshit Choudhary as Chief Financial Officer of the company w.e.f. November 01, 2026. |SUBJECT: Appointment
Indian Overseas Bank’s board meeting on 27 October 2026 approved the appointment of Akshit Choudhary as Chief Financial Officer, effective 1 November 2026, and the cessation of Madhaw Chandra Jha as Chief Financial Officer, effective 31 October 2026.
Indian Overseas Bank’s Board of Directors approved the Unaudited (Reviewed) Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026, on October 26, 2026. The Bank fully adjusted its accumulated losses of ₹8,73,334.22 Lakhs against the Share Premium Account as of July 10, 2026, following RBI approval. Key financial positions include a provision coverage ratio of 97.69%, an ECL provision of ₹2,70,000.00 Lakhs, and IBC-related provisions of ₹9,57,269.76 Lakhs. The Bank also realized a revocation gain of ₹72,399.28 Lakhs from Government Guaranteed Security Receipts and reversed deferred tax assets totaling ₹49,644 Lakhs for the half-year.
Indian Overseas Bank has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32 |SUBJECT: Statement of deviation(s) or variation(s) under Reg. 32
Indian Overseas Bank reported no deviation or variation in the use of proceeds from issues of equity shares and non-convertible debt securities for the quarter ended 30 September 2026. The filing states that no funds were raised during the period. This is a routine regulatory statement, not a substantive financing or business development.
Indian Overseas Bank (IOB) submitted a NIL Security Cover Certificate to the BSE and NSE as of September 30, 2026, pursuant to Regulation 54(2)/(3) of SEBI (LODR) Regulations, 2015. The filing confirms that all outstanding listed non-convertible debt securities issued by the Bank are unsecured in nature. An independent audit by R. Devendra Kumar & Associates verified that the security cover data was accurately extracted from the standalone unaudited financial statements for the quarter ended September 30, 2026.
Recent market and company developments associated with Indian Overseas Bank.
Indian Overseas Bank has secured approval to raise ₹5,000 crore through a Qualified Institutional Placement (QIP) by the end of Q3 or early Q4. Additionally, the bank is targeting $500 million in External Commercial Borrowings (ECBs) under the RBI swap facility by December 31, with approximately $250 million already substantially tied up.
The Ujjain Development Authority and Indian Overseas Bank signed an MoU for a Rs 643.39 crore term loan to support 11 temple, ghat and heritage infrastructure projects ahead of Simhastha 2028. The projects are estimated at Rs 1,124.52 crore. UDA also plans to raise Rs 200 crore through Temple Bonds to support pilgrim facilities.
Akshit Choudhary is a chartered accountant with more than 15 years of professional experience across banking, financial services, auditing, treasury and business operations. Choudhary will take over as CFO from Madhaw Chandra Jha with effect from November 1, 2026.
The capital raise could reduce the government’s shareholding in IO. The bank plans to bolster cybersecurity safeguards by engaging consultants and increasing technology spending
Sensex, Nifty, Share Prices Live: Aegis Logistics share price to go higher towards ₹1,500
IOB posts 56% quarterly profit rise to ₹1,962.67 cr; plans ₹5,000 cr QIP amid steady deposits and improved NII.
Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a 56% rise in Q2 net profit to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.
Indian Overseas Bank reported a 56 per cent YoY growth in net profit at ₹1,912 crore for the quarter ended September 2026 (Q2FY27) on the back of strong net interest income growth
Comprehensive Section Breakdown for Indian Overseas Bank
Strategic Vision: Public sector bank providing diverse financial services in India.
Interest earned increased 17% year on year to ₹9,201 crore and 4.8% from Q1 FY2026-27. Interest expense rose 11% year on year to ₹5,334 crore and 4.8% sequentially. Other income fell 10% year on year to ₹1,227 crore and 43% from Q1, taking total income to ₹10,428 crore, down 4.7% sequentially but up 13% year on year.
Operating profit before provisions and contingencies grew 26% year on year to ₹3,016 crore, including a 12% increase from Q1. Profit before tax rose 20% year on year and 11% sequentially to ₹2,066 crore. Net profit reached ₹1,912 crore, compared with ₹1,228 crore in Q2 FY2025-26 and ₹1,659 crore in Q1 FY2026-27. Tax expense was ₹154 crore, versus ₹501 crore and ₹200 crore, respectively. Basic earnings per share was ₹1.02, compared with ₹0.65 a year earlier and ₹0.89 in Q1.
Gross non-performing assets declined to ₹4,114 crore from ₹5,078 crore in Q2 FY2025-26 and ₹4,292 crore in Q1. The reported gross NPA ratio improved to 1.19%, from 1.83% and 1.33%, respectively. Net non-performing assets were ₹544 crore, with the reported ratio at 0.16%, compared with 0.28% a year earlier and 0.18% in Q1.
The reported CET1 ratio was 16.26%, compared with 15.78% in Q2 FY2025-26. Return on assets was 1.53%, up from 1.20% a year earlier and 1.41% in Q1.
Category: Financial Services
IOB offers savings and current accounts, fixed deposits, home loans, vehicle loans, personal loans, and digital banking access to individual customers.
Category: Financial Services
The bank extends working capital credit, term loans, project finance, trade finance, and cash management services to corporate and institutional clients.
Category: Financial Services
The bank provides structured credit products to micro, small, and medium enterprises, and maintains mandated priority sector lending targets in agriculture and allied activities.
Category: Financial Services
IOB operates overseas branches and representative offices to serve non-resident Indian (NRI) customers and facilitate cross-border trade transactions.
Category: Financial Services
The bank offers internet banking, mobile banking, and UPI-based payment services. Treasury operations manage liquidity, government securities investments, and foreign exchange requirements.
Core Thesis: The bank's diverse financial services are integrated to serve individual, corporate, and international clients.
• Comprehensive Service Offering: The bank provides a wide range of services including retail, corporate, MSME, agricultural, and international banking. • Digital Accessibility: Services are accessible through internet banking, mobile banking, and UPI-based payment systems. • International Reach: Overseas branches and representative offices facilitate services for NRIs and cross-border trade.