INDIAN OVERSEAS BANK

Indian Overseas Bank (IOB) held its Q1 FY2027 Earnings Conference Call on July 20, 2026, where management reported a record quarterly net profit of INR 1,659 crores, marking a 49.32% year-on-year increase. The operating profit reached INR 2,693 crores, reflecting a 14.21% growth. The bank's total business mix grew by over 17.72% to INR 6,98,325 crores, with total deposits increasing by 13.72% to INR 3,76,193 crores. Advances rose by 22.75% to INR 3,22,132 crores. The gross NPA decreased to INR 4,292 crores, with a GNPA percentage of 1.33%. Management highlighted a capital adequacy ratio of 19.36%, significantly above the regulatory requirement. The bank plans to raise INR 5,000 crores in equity, with potential market entry in Q3 or Q4, depending on conditions. Management expressed confidence in maintaining profitability and asset quality moving forward.

Management emphasized strong financial performance and growth across key metrics.