# IOB (IOB) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/iob

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹32.16
- Change: +0.19%
- As of: 2026-09-18
- 1D return: +0.22%
- 5D return: -2.10%
- 1M return: -2.99%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹32.17, exhibiting a bearish technical stance across daily, weekly, and monthly timeframes. Daily indicators show the price below key moving averages including the 20-day EMA (₹32.84) and 50-day SMA (₹33.52), with a bearish Supertrend at ₹33.76. This trend is mirrored on the weekly and monthly charts, where the price also remains below its respective moving averages and Supertrend indicators, suggesting sustained downward pressure. Recent patterns include an active Evening Star on the weekly chart and a Doji and Inside Bar on the daily chart, indicating potential for indecision or continuation of the current trend. The stock's risk profile includes an annualized volatility of 33% and a current drawdown of -42%, highlighting elevated risk.

Nearest support is observed at ₹31.9, approximately 0.84% below the current price, followed by ₹31.7. Overhead resistance is noted at ₹32.2 (pivot resistance), about 0.09% higher, with further resistance at ₹32.4. Watch conditions include monitoring for a sustained break below the ₹31.9 support level, which could reinforce the bearish outlook, or a decisive move above the ₹32.2 resistance, which might signal a potential shift in momentum.

- Current price: ₹32.17 as of September 18, 2026.
- Daily, weekly, and monthly timeframes show a bearish trend, with price below key moving averages and Supertrend.
- Nearest support level: ₹31.9.
- Nearest resistance level: ₹32.2.
- Key watch conditions: Break below ₹31.9 support or sustained move above ₹32.2 resistance.

- Evening Star
- Doji
- Inside Bar
- Bearish Engulfing Reversal
- Outside Bar
- Bullish Engulfing Reversal

### News Context

In the past seven days, Indian Bank (IOB) has focused on expanding its financial product offerings and customer access. On September 17, 2026, IOB partnered with Novio to launch a co-branded RuPay credit card. This initiative aims to broaden access to formal credit, particularly for individuals active on UPI and first-time credit users. Separately, a report on September 13, 2026, noted that IOB's fixed deposit rates remain below 7%, placing it in comparison with other public sector banks like SBI, PNB, and Bank of Baroda. Additionally, on September 13, 2026, the Managing Director and CEO of Indian Bank indicated that plans to enter the life insurance and asset management sectors are on track and will soon seek board approval. This suggests a strategic move to diversify revenue streams beyond traditional banking services.

- On September 17, 2026, IOB launched a co-branded RuPay credit card with Novio to increase formal credit access for UPI users and first-time users.
- A September 13, 2026, comparison showed IOB's fixed deposit rates are below 7%, similar to other public sector banks.
- On September 13, 2026, Indian Bank's MD stated plans to enter life insurance and asset management are progressing and will seek board approval soon.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- novio, IOB launch co-branded RuPay credit card to widen access to formal credit
- PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get
- Indian Bank MD says plan to enter life insurance, MF businesses on track; soon to seek board nod

### What Changed

On September 18, 2026, Indian Overseas Bank (IOB) experienced a slight price increase, closing at ₹32.17 compared to its previous close of ₹32.10. This movement occurred amidst news of a fabricated merger rumor concerning public sector banks, which the government has since debunked. The market reacted positively to these unverified claims, though the bank's specific involvement or impact from this event is not detailed in the provided news summary. No new filings were reported on this date.

- On 2026-09-18, IOB's closing price was ₹32.17, up from ₹32.10 previously.
- News on 2026-09-18 reported that public sector bank stocks, including IOB, reacted positively to unverified merger rumors.
- The government confirmed on 2026-09-18 that a circulated document about a PSU bank merger was fake.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?

### Official Filings

Indian Overseas Bank (IOB) reported a record net profit of ₹1,659 crore for the first quarter of fiscal year 2027, marking a significant 49.32% increase compared to the same period last year. This strong performance was accompanied by a 17.72% growth in total business, reaching ₹6,98,325 crore. Deposits increased by 13.72% to ₹3,76,193 crore, while advances grew by 22.75% to ₹3,22,132 crore. The bank also reported improvements in asset quality, with Gross Non-Performing Assets (NPA) decreasing to 1.33% and Net NPA to 0.18% for the quarter ended June 30, 2026. IOB plans to raise ₹5,000 crore through equity and ₹1,000 crore via Tier 2 bonds in the third and fourth quarters of the fiscal year. Additionally, CARE Ratings upgraded IOB's rating for Tier-II Bonds to ‘CARE AA+/Stable’, citing improvements in the bank's financial risk profile, asset quality, and profitability, supported by government backing. The bank's capital adequacy ratio stood at 19.78% as of March 31, 2026.

- On July 24, 2026, IOB reported an all-time high quarterly net profit of ₹1,659 crore for Q1 FY2027, a 49.32% year-on-year increase.
- Total business grew 17.72% to ₹6,98,325 crore for Q1 FY2027, with deposits up 13.72% and advances up 22.75%.
- Gross NPA reduced to 1.33% and Net NPA to 0.18% for the quarter ended June 30, 2026.
- The bank plans to raise ₹5,000 crore through equity and ₹1,000 crore via Tier 2 bonds.
- On July 31, 2026, CARE Ratings upgraded IOB's Tier-II Bonds rating to ‘CARE AA+/Stable’, citing improved financial health and asset quality.

### Fundamentals

Indian Overseas Bank (IOB) reported a steady increase in its top line, with Interest Earned growing from ₹8,172.39 crore in Q3 FY2025-26 to ₹8,777.57 crore in Q1 FY2026-27. This growth was complemented by a significant rise in Other Income, which jumped from ₹1,290.91 crore in Q4 FY2025-26 to ₹2,160.23 crore in Q1 FY2026-27. However, Interest Expended also saw an upward trend, increasing from ₹4,873.85 crore in Q3 FY2025-26 to ₹5,089.95 crore in Q1 FY2026-27. Operating Profit Before Provision and Contingencies demonstrated resilience, moving from ₹2,603.10 crore in Q3 FY2025-26 to ₹2,693.10 crore in Q1 FY2026-27, indicating stable operational performance despite fluctuating income and expense items. Employee costs showed variability, with a notable increase in Q1 FY2026-27 to ₹2,104.45 crore compared to ₹1,005.89 crore in the preceding quarter. Investors may wish to monitor the bank's net interest margin and the trend in employee costs.

- Interest Earned increased from ₹8,172.39 crore in Q3 FY2025-26 to ₹8,777.57 crore in Q1 FY2026-27.
- Other Income saw a significant rise to ₹2,160.23 crore in Q1 FY2026-27 from ₹1,290.91 crore in Q4 FY2025-26.
- Interest Expended rose to ₹5,089.95 crore in Q1 FY2026-27 from ₹4,873.85 crore in Q3 FY2025-26.
- Operating Profit Before Provision and Contingencies showed a marginal increase from ₹2,603.10 crore in Q3 FY2025-26 to ₹2,693.10 crore in Q1 FY2026-27.
- Employees Cost increased substantially to ₹2,104.45 crore in Q1 FY2026-27.

### Bull Case

Indian Overseas Bank (IOB) has partnered with Novio to launch a co-branded RuPay credit card. This initiative aims to broaden access to formal credit, particularly for users who are active on UPI and those using formal credit for the first time. This collaboration represents a step towards expanding the bank's product offerings and customer base within the digital payments ecosystem.

- IOB launched a co-branded RuPay credit card with Novio on an unspecified date to enhance access to formal credit.
- The new credit card targets UPI-active users and first-time credit users.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- novio, IOB launch co-branded RuPay credit card to widen access to formal credit
- PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get
- Indian Bank MD says plan to enter life insurance, MF businesses on track; soon to seek board nod

### Bear Case

The company's stock is exhibiting a bearish trend across daily, weekly, and monthly timeframes, indicated by technical indicators such as the Supertrend direction and moving average slopes. The stock has experienced significant drawdowns, with a maximum drawdown of -0.42 and a current drawdown of -0.40. Over the past year, the stock has seen a return of -0.20, and year-to-date, it has returned -0.11. The stock's price is trading below its 20-day, 50-day, and 200-day simple moving averages, suggesting a potential lack of short-to-medium term upward momentum.

- The Supertrend indicator shows a 'bearish' direction on daily, weekly, and monthly charts as of 2026-09-18.
- The stock has experienced a maximum drawdown of -0.42 and a current drawdown of -0.40.
- The stock's return over the past year was -0.20, and the year-to-date return was -0.11.
- The closing price of ₹32.17 on 2026-09-18 is below the 20-day SMA (₹32.82), 50-day SMA (₹33.52), and 200-day SMA (₹34.42).

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- novio, IOB launch co-branded RuPay credit card to widen access to formal credit
- PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get
- Indian Bank MD says plan to enter life insurance, MF businesses on track; soon to seek board nod

### FAQs

**What was Indian Overseas Bank's recent quarterly financial performance?**

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.

**What is the current technical outlook for Indian Overseas Bank?**

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.

**What recent rating upgrade did Indian Overseas Bank receive and what factors contributed to it?**

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%.

**What are Indian Overseas Bank's recent performance returns?**

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%.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- novio, IOB launch co-branded RuPay credit card to widen access to formal credit
- PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get
- Indian Bank MD says plan to enter life insurance, MF businesses on track; soon to seek board nod
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹32.2
- Risk regime: Higher Price Risk

### Support levels
- 31.6025
- 31.89999999999999
- 31.699999999999996

### Resistance levels
- 36.33
- 37.114999999999995
- 38.561875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.22% |
| return_10 | -3.19% |
| return_1m | -3.31% |
| return_1y | -20.00% |
| return_20 | -2.99% |
| return_3m | -8.69% |
| return_5 | -2.10% |
| return_6m | -1.23% |
| return_since_start | -37.98% |
| return_ytd | -11.35% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -41.64% |
| annualized_volatility | +32.94% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Net Profit Rises on Income Growth but Capital Ratio and EPS Plunge

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.

## Net Interest Income Growth

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 Spike

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.

## Operating Expenses Surge

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).

## Provisions and Asset Quality

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.

## Profitability and Capital Metrics

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-07-31 — Credit Rating Update: 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%. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_31072026144553_FINAL.pdf)
- 2026-07-29 — Official Filing: 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.
- 2026-07-24 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_24072026191845_TRANSCRIPTFORUPLOAD.pdf)
- 2026-07-21 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_21072026174657_FINALRECONFORUPLOADING.pdf)
- 2026-07-21 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_21072026180304_FINALNEWSPAPERPUBLICATION.pdf)
- 2026-07-20 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_20072026143236_FINAL_SECURITY_COVER_CERTIFICATE_FOR_UPLOADING.pdf)
- 2026-07-20 — Official Filing: 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.
- 2026-07-20 — Press Release: 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%. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_20072026142947_PRESSRELEASE.pdf)
- 2026-07-20 — Generic Announcement: Indian Overseas Bank uploaded the audio recording of its Analyst Meet/Earnings call held on July 20, 2026, to discuss financial performance for the quarter ended June 30, 2026. This follows a previous intimation dated July 14, 2026, and complies with SEBI Listing Obligations and Disclosure Requirements. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_20072026212615_FINALBSE_NSE_Analyst_Meet_Link.pdf)
- 2026-07-20 — Generic Announcement: 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. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_20072026141506_SDV_FOR_UPLOAD.pdf)
- 2026-07-20 — Generic Announcement: Indian Overseas Bank has submitted to the Exchange, the financial results for the period ended Jun 30, 2026. |SUBJECT: Outcome of Board Meeting — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_20072026130413_UPLOADING.pdf)
- 2026-07-20 — Official Filing: 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.
- 2026-07-20 — Earnings Presentation: For the quarter ended June 30, 2026, the bank reported a 13.72% year-over-year increase in total deposits, reaching ₹376,193 lakhs. Net Interest Income grew by 34.30% to ₹3,688 lakhs, and Operating Income increased by 38.35% to ₹5,848 lakhs. Gross Non-Performing Assets (NPA) decreased by 17.11% year-over-year, with Net NPA falling by 27.94% to ₹588 lakhs. The bank's Capital to Risk-Weighted Assets Ratio (CRAR) stood at 19.78%. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_20072026153744_INVESTORPRESENTATION.pdf)
- 2026-07-14 — Generic Announcement: Indian Overseas Bank has scheduled an earnings call for analysts and investors on July 20, 2026, at 17:30 IST to discuss the unaudited financial results for the quarter ended June 30, 2026. The call will be conducted virtually, with management participants including MD & CEO Ajay Kumar Srivastava. The bank's financial performance for the quarter ended March 31, 2026, showed an operating profit of ₹2,665 crores and a net profit of ₹1,505 crores. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_14072026190250_BSE_NSE_FINAL_MERGED_FILE.pdf)
- 2026-07-09 — Generic Announcement: Indian Overseas Bank submitted the voting results and Scrutinizer’s Report for its 26th Annual General Meeting held on July 7, 2026. All resolutions presented at the AGM were passed by the shareholders with the required majority. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_09072026124413_09072026_VOTING_RESULTS.pdf)
- 2026-07-08 — Generic Announcement: Indian Overseas Bank submitted a certificate for the quarter ended June 30, 2026, confirming compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by the Bank's Registrar and Transfer Agent, Cameo Corporate Services Ltd. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_08072026151726_74_5__STATEMENT.pdf)
- 2026-07-08 — Generic Announcement: Indian Overseas Bank's 26th Annual General Meeting, held on July 7, 2026, saw all resolutions passed by shareholders. Key resolutions included the approval of financial statements for the year ending March 31, 2026, and a special resolution to raise equity share capital up to ₹5,000 crores during FY 2026-27. Shareholders also approved appropriating accumulated losses from the Share Premium account and extending the tenure of MD & CEO Shri Ajay Kumar Srivastava until October 8, 2027. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_08072026135005_SIGNED.pdf)
- 2026-07-07 — Generic Announcement: Indian Overseas Bank held its 26th Annual General Meeting on July 7, 2026, where shareholders approved all four agenda items with the required majority. These included adopting the financial statements for the year ended March 31, 2026, authorizing the raising of equity share capital up to ₹5,000 crores, appropriating accumulated losses from the Share Premium account, and extending the tenure of MD & CEO Shri Ajay Kumar Srivastava until October 8, 2027. The meeting was conducted via Video Conferencing/Other Audio-Visual Means. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_07072026193704_FINAL_DISCLOSURE.pdf)
- 2026-07-01 — Generic Announcement: The Bank has announced changes in its Senior Management Personnel effective July 1, 2026, with Shri S. Alagarsamy elevated to Chief General Manager and designated as Chief Compliance Officer. Additionally, functional allocations for other senior management personnel have been revised, including Mr. Vikram Khera's elevation to General Manager of Forex, Mr. Sanjay Kumar Singh's move to Conduct and Disciplinary Action Cell, Mr. Sathia Narayanan's allocation to Enterprise Data Management, Mr. Velayutham K and Mr. Harjit Singh's roles in Agriculture and Rural Banking, Mr. Rakesh Sasikumar's new assignment as Head of Department, Jewel Loan Cell, and Mr. Vilender Kumar's new role as Head of Department for Government Lending Schemes. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_01072026204302_CGMandGMElevation.pdf)
- 2026-06-30 — Generic Announcement: Indian Overseas Bank announced that Mr. Nataraj Karyampudi retired as Chief General Manager & Chief Compliance Officer on June 30, 2026. Effective July 1, 2026, Mr. Alagarsamy S, General Manager, has been designated as the new Chief Compliance Officer. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_30062026194229_FINAL_CCO_CHANGE.pdf)
- 2026-06-25 — Credit Rating Update: CRISIL Ratings has upgraded Indian Overseas Bank's credit rating for Basel III Tier II Bonds from 'Crisil AA/Stable' to 'Crisil AA+/Stable' effective June 25, 2026. This upgrade is attributed to sustained improvement in the bank's earning profile and asset quality metrics, including a decrease in Gross NPAs to 1.4% as of March 31, 2026, and continued expectation of strong support from the Government of India. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_25062026203916_BSE_NSE_FINAL.pdf)
- 2026-06-25 — Generic Announcement: Indian Overseas Bank will close its trading window for directors, designated persons, and their immediate relatives from July 1, 2026, until 48 hours after the disclosure of the unaudited financial results for the quarter ended June 30, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_25062026180503_BSE_NSE_Closure_of_Trading_Window.pdf)
- 2026-06-19 — Shareholding Disclosure: Indian Overseas Bank, on behalf of its promoter "PRESIDENT OF INDIA", reported that as of March 31, 2026, the promoter held 92.44% of the Bank's equity shares. The bank also declared that the promoter, along with persons acting in concert, did not create any encumbrance, directly or indirectly, during the financial year 2025-26, in compliance with SEBI SAST Regulations, 2011. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_24042026171816_IOB.pdf)
- 2026-06-15 — Generic Announcement: Indian Overseas Bank has published a notice for its 26th Annual General Meeting in the Financial Express, Dinamani, and Jansatta newspapers on June 13, 2026. This disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information is also available on the bank's website. The notice was submitted to BSE Limited and the National Stock Exchange on June 15, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_15062026181047_FORUPLOADING.pdf)
- 2026-06-12 — Generic Announcement: Indian Overseas Bank has revised its Marginal Cost of Funds based Lending Rate (MCLR) effective June 15, 2026. The MCLR for one-month tenor increased by 0.05% to 8.25%, and the MCLR for one-year and two-year tenors increased by 0.05% to 8.80%. All other tenors remain unchanged. — [Official attachment](https://nsearchives.nseindia.com/corporate/IOB_12062026172442_MCLRDISCLOSURE.pdf)

## News and market events

- 2026-09-18 — Mint: **SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?** — 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. — [Source](https://www.livemint.com/market/stock-market-news/psu-bank-merger-sbi-pnb-to-bank-of-maharashtra-why-are-psu-bank-stocks-rising-today-11789704328894.html)
- 2026-09-17 — The Hindu: **novio, IOB launch co-branded RuPay credit card to widen access to formal credit** — Novio and IOB launch a co-branded RuPay credit card, enhancing access to formal credit for UPI-active and first-time users. — [Source](https://www.thehindubusinessline.com/money-and-banking/novio-iob-launch-co-branded-rupay-credit-card-to-widen-access-to-formal-credit/article71475463.ece)
- 2026-09-13 — BUSINESSTODAY: **PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get** — PSU bank FD rates remain below 7%: SBI, PNB, BoB, Bank of India compared; what's the best you can get — [Source](https://www.businesstoday.in/personal-finance/investment/story/psu-bank-fd-rates-remain-below-7-sbi-pnb-bob-bank-of-india-compared-whats-the-best-you-can-get-555302-2026-09-14)
- 2026-09-13 — CNBC-TV18: **Indian Bank MD says plan to enter life insurance, MF businesses on track; soon to seek board nod** — 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. — [Source](https://www.cnbctv18.com/business/companies/indian-bank-md-says-plan-to-enter-life-insurance-mf-businesses-on-track-soon-to-seek-board-nod-19990036.htm)
- 2026-09-07 — Economic Times: **CBI files additional chargesheet against former executives of Reliance ADAG, escalating the ongoing investigation** — 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. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/cbi-files-additional-chargesheet-against-former-executives-of-reliance-adag-escalating-the-ongoing-investigation/articleshow/133895659.cms)
- 2026-09-07 — BUSINESSTODAY: **Reliance Finance case gets bigger: CBI chargesheets 17 more, including Group MD, CFO, company secretary** — 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 — [Source](https://www.businesstoday.in/latest/corporate/story/reliance-finance-case-gets-bigger-cbi-chargesheets-17-more-including-group-md-cfo-company-secretary-553767-2026-09-07)
- 2026-09-03 — BUSINESS: **Indices trade in positive terrain; PSU Bank shares jump** — PSU Bank shares witnessed buying demand for second consecutive trading sessions. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-trade-in-positive-terrain-psu-bank-shares-jump-126090300399_1.html)
- 2026-09-01 — DECCANCHRONICLE.COM: **C’garh Frames Mineral Policy To Ensure Benefits To Tribal Stakeholders In Bastar** — 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. — [Source](https://www.deccanchronicle.com/nation/cgarh-frames-mineral-policy-to-ensure-benefits-to-tribal-stakeholders-in-bastar-1984095)
- 2026-08-22 — BUSINESSTODAY: **₹20,000 to ₹1 lakh: How much can you earn from a 444-day FD in top PSU banks?** — ₹20,000 to ₹1 lakh: How much can you earn from a 444-day FD in top PSU banks? — [Source](https://www.businesstoday.in/personal-finance/story/rs20000-to-rs1-lakh-how-much-can-you-earn-from-a-444-day-fd-in-top-psu-banks-550772-2026-08-23)
- 2026-08-21 — MONEYCONTROL: **Goldman Sachs muscles into Indian banks’ turf with state share deals** — Goldman Sachs, India, India government, India government shares, Kotak Mahindra, NSE, BSE, Wall Street — [Source](https://www.moneycontrol.com/news/business/companies/goldman-sachs-muscles-into-indian-banks-turf-with-state-share-deals-14012333.html)
- 2026-08-21 — Economic Times: **444-day FD with highest interest rates: Which PSU bank provides highest maturity on Rs 5 lakh investment? Check here - The Economic Times** — Public sector banks are currently offering enticing interest rates on fixed deposits with special tenures. The standout option is the 444-day scheme provided by the Central Bank of India, boasting an impressive interest rate of 6.75%. — [Source](https://economictimes.indiatimes.com/wealth/invest/444-day-fd-with-highest-interest-rates-which-psu-bank-provides-highest-maturity-on-rs-5-lakh-investment-check-here/articleshow/133392759.cms)
- 2026-08-19 — Economic Times: **No takers: Public sector banks put ₹39,000 cr of bad loans up for sale again** — Public sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Overseas Bank and Indian Bank led these repeated offerings. Private sector banks showed a sharp contrast with few repeat sales. This highlights challenges in selling large legacy corporate accounts. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/no-takers-public-sector-banks-put-39000-cr-of-bad-loans-up-for-sale-again/articleshow/133358198.cms)
- 2026-08-19 — The Hindu: **Tenkasi District’s Annual Credit Plan envisages ₹21,978 crore outflow** — Tenkasi District's Annual Credit Plan for 2026-27 targets a ₹21,978 crore credit outflow across various sectors. — [Source](https://www.thehindu.com/news/cities/madurai/tenkasi-districts-annual-credit-plan-envisages-21978-crore-outflow/article71364912.ece)
- 2026-08-18 — BUSINESS: **Sensex slides 326 pts; PSU bank shares decline** — At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 325.69 points or 0.42% to 77,402.47. The Nifty 50 index lost 72.15 points or 0.30% to 24,216. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-slides-326-pts-psu-bank-shares-decline-126081800496_1.html)
- 2026-08-17 — BUSINESS: **Sensex slides 433 pts; PSU bank decline for 3rd day** — The Nifty traded below the 24,300 level, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil and gold prices, along with developments on the global geopolitical front, for further indications on the market's near-term trajectory. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-slides-433-pts-psu-bank-decline-for-3rd-day-126081700279_1.html)
- 2026-08-12 — BUSINESSTODAY: **IOB Extends ₹75 Crore Project Finance to Assotech World Avenue 07, Signaling Continued Institutional Confidence in Assotech Group** — Assotech World Avenue 07 — [Source](https://www.businesstoday.in/impact-feature/story/iob-extends-rs75-crore-project-finance-to-assotech-world-avenue-07-signaling-continued-institutional-confidence-in-assotech-group-548766-2026-08-12)
- 2026-07-29 — The Hindu: **Credit outflow for Tirunelveli district for current fiscal put at ₹24,471 crore** — Credit outflow for Tirunelveli district for current fiscal put at ₹24,471 crore — [Source](https://www.thehindu.com/news/cities/madurai/credit-outflow-for-tirunelveli-district-for-current-fiscal-put-at-24471-crore/article71281523.ece)
- 2026-07-25 — Mint: **FD at PSU banks vs private banks vs SFBs: Highest interest rates for senior citizens | Check list here | Mint** — Fixed deposits offer senior citizens stable returns, protecting their savings from market volatility. Leading small finance banks provide competitive rates for different tenures. — [Source](https://www.livemint.com/money/personal-finance/fd-at-psu-banks-vs-private-banks-vs-sfbs-highest-interest-rates-for-senior-citizens-check-list-here-11784977596493.html)
- 2026-07-23 — The Hindu: **CARD91 offers its comprehensive PPI Suite to Indian Overseas Bank with RuPay NCMC Capability** — CARD91 offers its comprehensive PPI Suite to Indian Overseas Bank with RuPay NCMC Capability — [Source](https://www.thehindubusinessline.com/brandhub/pr-release/card91-offers-its-comprehensive-ppi-suite-to-indian-overseas-bank-with-rupay-ncmc-capability/article71256271.ece)
- 2026-07-22 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls 200 points; Tata Comm down 5% after results** — Sensex Today | Stock Market LIVE Updates: We are in the second half of the day's trade and the markets remain under immense pressure, with the Nifty index falling over 150 points, slumping towards 24,000. The Nifty Bank is down over 500 points, slumping towards 57,300. IndiGo, Cipla and and SBI are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-crude-bandhan-drl-adani-nestle-hpcl-eternal-bpcl-share-price-liveblog-19950949.htm)
- 2026-07-22 — CNBC-TV18: **Q1 Results LIVE Updates: Nestle India reports earnings; Bandhan Bank declines 15% post report** — Q1 Results LIVE Updates: Three Nifty 50 companies, Eternal, Dr. Reddy's Laboratories and Nestle India, are reporting their earnings today. dani Green Energy, BPCL, Adani Power, CIE Automotive, CSB Bank, Waterways Leisure Tourism, HEG, HPCL, HFCL, IIFL Finance, JSW Energy, IndusInd Bank, United Spirits are among the other results scheduled for today. Also watch for result reactions from stocks like Bandhan Bank, JSW Infra, Indian Hotels and many others. Watch this space for all the LIVE updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-eternal-dr-reddys-hpcl-bpcl-indusind-bank-csb-adani-heg-iifl-fin-jsw-indian-hotels-indiamart-cyient-dlm-share-price-liveblog-19950958.htm)
- 2026-07-21 — The Hindu: **Q1 Results Today Live: Bajaj Auto, Granules, Adani Energy, TVS Motor, ATGL, CRISIL, Mastek, IndiaMART, Cyient DLM, Sagility, Canara Robeco to announce Q1 results, KVB shares jump over 9%, UltraTech, Paytm, IOB, Sobha shares gain** — Q1 Results Today, 21st July 2026 Live Updates: Catch live updates — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-bajaj-auto-adani-energy-tvs-motor-atgl-tvs-holdings-crisil-mastek-indiamart-abslamc-ultratech-paytm-iob-kvb-sobha-sagility-cyient-dlm-results-21-july-2026/article71244506.ece)
- 2026-07-21 — Economic Times: **$21 Billion Streams in via Incentive Window** — Indian lenders have so far collectively garnered $20.7 billion in multiple foreign currency programmes under the central banks special incentive window, the Reserve Bank of India (RBI) said on Monday, easing concerns that the timebound schemes aimed at drawing durable forex commitments were struggling to gain sufficient traction. — [Source](https://economictimes.indiatimes.com/et-front/21-billion-streams-in-via-incentive-window/articleshow/132524170.cms)
- 2026-07-20 — Times of India: **IOB eyes $1 billion through FCNR (B) and OFCB | Chennai News - The Times of India** — Indian Overseas Bank targets $1B via FCNR(B) deposits and OFCBs by Sept 2026; raised $300M so far. Q1 FY27 profit jumps 49% to Rs 1,659 cr. — [Source](https://timesofindia.indiatimes.com/city/chennai/iob-eyes-1-billion-through-fcnr-b-and-ofcb/articleshow/132519542.cms)
- 2026-07-20 — The Hindu: **Q1 Results Today Highlights: UltraTech profit rises; IOB, KVB and Sobha post strong Q1 growth; Mahindra Logistics, Dynamic Cables, Jaiprakash Power, Shyam Metalics surge** — Q1 Results Today, 20th July 2026 Highlights: — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-highlights-cement-paytm-iob-karur-vysya-bank-shyam-metalics-sobha-jp-power-bluestone-hdfc-bank-kotak-icici-yes-bank-axis-bank-ril-results-20-july-2026/article71241085.ece)

## Business profile

**Strategic vision:** Public sector bank providing diverse financial services in India.

### Business segments
- **Retail Banking:** IOB offers savings and current accounts, fixed deposits, home loans, vehicle loans, personal loans, and digital banking access to individual customers.
- **Corporate & Wholesale Banking:** The bank extends working capital credit, term loans, project finance, trade finance, and cash management services to corporate and institutional clients.
- **MSME & Priority Sector Finance:** The bank provides structured credit products to micro, small, and medium enterprises, and maintains mandated priority sector lending targets in agriculture and allied activities.
- **International Banking:** IOB operates overseas branches and representative offices to serve non-resident Indian (NRI) customers and facilitate cross-border trade transactions.
- **Digital & Treasury Operations:** The bank offers internet banking, mobile banking, and UPI-based payment services. Treasury operations manage liquidity, government securities investments, and foreign exchange requirements.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/iob
Markdown representation: https://faxioms.com/stocks/iob?render=md