Indian Overseas Bank

Indian Overseas Bank reported an all-time high quarterly net profit of ₹1,355 croreCurrent reported value: ₹1,355 crore. No comparable prior figure is available in the source record., up 56.18% YoYCurrent 56.2% vs previous available quarter 57.8%., driven by strong credit growth of 24.13% YoYCurrent reported value: 24.13% YoY. No comparable prior figure is available in the source record. and improved asset quality. Gross NPA ratio improved to 1.54%Current 1.54%. Reported change: -101bps YoY. from 2.55% a year ago, while net NPA fell to 0.24%Current 0.24%. Reported change: -18bps YoY.. The bank maintained a healthy domestic CASA ratio of 41.29%Current 41.29%. Reported change: flat YoY. and NIM of 3.32%. Management guided for FY26 credit growth of 24-25% and expects GNPA to reduce further by 5-7 bps in Q4. A ₹4,000 crore QIP is planned in Q4 to reduce government stake. Key risks include elevated overseas NPA of 8.5% and potential margin pressure from rate cuts, though management expects NIM to stay in 3.3-3.4% range.