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As of 18 Sept 2026, 03:30 pm
For Q1 FY2027, Indian Overseas Bank reported an all-time high quarterly net profit of ₹1,659 crores, marking a 49.32% increase year-on-year. Total deposits reached ₹3,76,193 crores and total advances were ₹3,22,132 crores, contributing to a business mix of ₹6,98,325 crores. The bank's Gross Non-Performing Assets (NPA) reduced to ₹4,292 crores and Net NPA to ₹588 crores.
As of September 18, 2026, the daily trend indicators suggest a bearish outlook, with the Supertrend indicator at 33.76 in a bearish direction. The 5-day slope for the 20-day Exponential Moving Average (EMA) is -0.33, and for the 50-day Simple Moving Average (SMA) is -0.16. The stock's closing price on this date was ₹32.17. Nearest support levels are observed at ₹31.9 and resistance at ₹32.2.
On July 31, 2026, CARE Ratings upgraded Indian Overseas Bank's rating for Tier-II Bonds to ‘CARE AA+/Stable’ and reaffirmed its rating for Certificates of Deposit. This upgrade was attributed to improvements in the bank's financial risk profile, asset quality, and profitability, supported by continued government backing. The bank's gross non-performing assets improved to 1.42% as of March 31, 2026, and its capital adequacy ratio stood at 19.78%.
As of September 18, 2026, Indian Overseas Bank has experienced varied returns across different periods. The 1-year return was -20%, and the year-to-date return was -11%. Over shorter terms, the 3-month return was -9%, and the 1-month return was -3%. The return since the start of trading is -38%.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 10 candles
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 traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
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.
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.
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.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Interest Earned | PEAK₹8,777.57 crore | ₹8,488.96 crore | ₹8,172.39 crore | ₹7,850.89 crore | ₹7,387.49 crore |
| Other Income | PEAK₹2,160.23 crore | ₹1,290.91 crore | ₹1,499.19 crore | ₹1,365.44 crore | ₹1,480.39 crore |
| Interest Expended | PEAK₹5,089.95 crore | ₹5,019.25 crore | ₹4,873.85 crore | ₹4,789.64 crore | ₹4,639.30 crore |
| Employees Cost | PEAK₹2,104.45 crore | ₹1,005.89 crore | ₹1,344.40 crore | ₹1,172.27 crore | ₹1,166.80 crore |
| Other Operating Expenses | ₹1,050.30 crore | PEAK₹1,089.68 crore | ₹850.23 crore | ₹852.90 crore | ₹703.18 crore |
| Operating Profit Before Provision And Contingencies | PEAK₹2,693.10 crore | ₹2,665.05 crore | ₹2,603.10 crore | ₹2,401.52 crore | ₹2,358.60 crore |
Interest earned rose 3.4% quarter on quarter to ₹8,778 crore, while interest expended increased only 1.4% to ₹5,090 crore. As a result, net interest income (interest earned minus interest expended) grew 6.3% sequentially to ₹3,688 crore. Compared with the same quarter last year, net interest income was up 34.2%.
Other income jumped 67.3% from the previous quarter to ₹2,160 crore, the highest level in the five-quarter series. This drove total income (interest earned plus other income) to ₹10,938 crore, up 11.8% sequentially. However, other income has been volatile in recent quarters, ranging between ₹1,291 crore and ₹1,499 crore before this surge, so the sustainability of this increase is uncertain.
Provisions other than tax and contingencies fell 17.1% from the previous quarter to ₹834 crore, the second-lowest level in the five‑quarter series. Gross non‑performing assets continued their downward trend, declining 2.7% sequentially to ₹4,292 crore and 17.1% year on year. The combination of lower provisions and improving asset quality supported net profit growth despite the expense pressure.
Net profit rose 10.2% quarter on quarter to ₹1,659 crore and was 49.3% higher than the same quarter last year. However, basic earnings per share fell from ₹16.94 in the March 2026 quarter to ₹0.89, a decline of 94.7%. Similarly, the CET1 capital ratio dropped from 16.94% to 0.89%. The divergence between rising net profit and collapsing per‑share and capital ratios suggests a change in the bank’s equity base or risk‑weighted assets.
IOB delivered higher net profit on the back of income growth and lower provisions, but the quarter was marked by a sharp rise in employee costs that constrained operating leverage. The most striking development is the decline in the CET1 ratio and EPS, which, combined with higher net profit, points to a substantial adjustment in the bank’s capital base that warrants further review.
Exchange disclosures and regulatory announcements for Indian Overseas Bank.
CARE Ratings upgraded Indian Overseas Bank's rating for Tier-II Bonds to ‘CARE AA+/Stable’ and reaffirmed its rating for Certificates of Deposit. This upgrade reflects improvements in the bank's financial risk profile, asset quality, and profitability, supported by continued government backing. The bank's gross non-performing assets improved to 1.42% as of March 31, 2026, and its capital adequacy ratio stood at 19.78%.
Indian Overseas Bank has fixed September 9, 2026, as the record date for the payment of coupon on its 9.0802% Basel III Tier II Bonds Series III (ISIN: INE565A08035). The coupon payment will be made on September 24, 2026.
Indian Overseas Bank reported an all-time high quarterly net profit of INR 1,659 crores for Q1 FY2027, a 49.32% year-on-year increase. The bank's business mix reached INR 6,98,325 crores, with total deposits at INR 3,76,193 crores and total advances at INR 3,22,132 crores. Gross NPA reduced to INR 4,292 crores and Net NPA to INR 588 crores. The bank plans to raise INR 5,000 crores through equity and INR 1,000 crores via Tier 2 bonds, with equity raises expected in Q3 and Q4.
Indian Overseas Bank submitted its Reconciliation of Share Capital Audit Report for the quarter ended June 30, 2026, as required by SEBI regulations. The audit, conducted by V. Vasumathy & Associates, confirmed no changes in the company's share capital during the quarter. The issued and listed capital remained at 1,92,56,58,97,95 shares, with the register of members updated.
Indian Overseas Bank published its unaudited financial results for the quarter ended June 30, 2026, on July 21, 2026. The results were published in the Financial Express, Businessline, Business Standard (English and Hindi), Jansatta (Hindi), and Dinathanthi (Tamil) newspapers, in compliance with SEBI (LODR) Regulations, 2015. The filing includes standalone and consolidated figures for total income, net profit/loss before and after tax, total comprehensive income, paid-up equity share capital, reserves, net worth, debt-equity ratio, and earnings per share for the period.
Indian Overseas Bank has submitted a NIL Security Cover Certificate as of June 30, 2026, as per SEBI (LODR) Regulations, 2015. The bank confirmed that all its outstanding listed non-convertible debt securities are unsecured. This disclosure was made on July 20, 2026.
Indian Overseas Bank submitted a NIL statement of deviation or variation in the utilization of proceeds from equity shares and non-convertible debt securities for the quarter ended June 30, 2026, as per SEBI (LODR) Regulations, 2015.
For the quarter ended June 30, 2026, IOB reported a 49.32% year-over-year increase in net profit to ₹1,659 crore. Total business grew 17.72% to ₹6,98,325 crore, with total deposits up 13.72% to ₹3,76,193 crore and total credit up 22.75% to ₹3,22,132 crore. Gross NPA decreased to 1.33% and Net NPA to 0.18%, while slippages were ₹195 crore, resulting in a slippage ratio of 0.06%.
Recent market and company developments associated with Indian Overseas Bank.
A fake document claiming a merger of public sector banks, purportedly issued by the Ministry of Finance, has been circulating online. The government confirmed it is not authentic, urging caution in verifying such claims, as PSU bank stocks react positively to the rumors.
Novio and IOB launch a co-branded RuPay credit card, enhancing access to formal credit for UPI-active and first-time users.
PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get
Indian Bank's plans to enter the life insurance and asset management segments are progressing as planned, and it would soon approach the board for approval, the bank's MD and CEO Binod Kumar said.
The CBI filed a supplementary chargesheet in the Reliance Commercial Finance scam case. Three ex-executives from Reliance ADA Group were named in the new charges. Fourteen more entities, including eight companies, were also included in the filing. Six bank officials from three different banks are also accused in this case. The accused face charges of criminal conspiracy, misappropriation, and cheating.
CBI Reliance Commercial Finance case, Reliance ADA Group case, Rs 6229 crore fund diversion, Reliance Commercial Finance chargesheet, CBI chargesheet Reliance, Amitabh Jhunjhunwala, Amit Bapna, Reliance Power CBI case, Rs 9280 crore bank loss, Reliance ADA Group investigation
PSU Bank shares witnessed buying demand for second consecutive trading sessions.
Chief minister Vishnu Deo Sai launched the portal, developed by the Chhattisgarh Mineral Development Corporation Limited (CMDC) in collaboration with Indian Overseas Bank (IOB), on Monday.
Comprehensive Section Breakdown for Indian Overseas Bank
Strategic Vision: Public sector bank providing diverse financial services in India.
Indian Overseas Bank reported a 10.2% sequential increase in net profit to ₹1,659 crore for the quarter ended June 2026, supported by higher net interest income and a sharp rise in other income. However, operating profit growth was muted as employee costs more than doubled. Asset quality continued to improve. A dramatic drop in the CET1 capital ratio and earnings per share, despite higher net profit, suggests a major change in the bank’s capital structure.
Employee cost more than doubled sequentially to ₹2,104 crore, rising 109.2% from ₹1,006 crore in the March 2026 quarter. Other operating expenses declined 3.6% to ₹1,050 crore but remained elevated compared with earlier quarters. Total operating expenses (employee cost plus other operating expenses) rose 50.5% quarter on quarter to ₹3,155 crore. This sharp increase largely offset the income gains, limiting the growth in operating profit before provisions to just 1.1% sequentially (₹2,693 crore versus ₹2,665 crore).
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.