ScoutQuest5 Oct 2026
Indian Overseas Bank532388Credit rating upgrade

India Ratings upgrades Indian Overseas Bank issuer rating and INR11.65 billion Basel III Tier 2 bonds to IND AA+/Stable

11.65 (INR billion)Size of issue – Basel III Tier 2 bonds
Size of issue – Basel III Tier 2 bonds ISIN INE565A08043INR6.65 (billion)
Size of issue – Basel III Tier 2 bonds ISIN INE565A08035INR5 (billion)
Size of issue – Basel III Tier 2 bonds 11.65 (INR billion): Size of issue – Basel III Tier 2 bonds ISIN INE565A08043 INR6.65 (billion), Size of issue – Basel III Tier 2 bonds ISIN INE565A08035 INR5 (billion).
Rating Action
IND AA+/Stable (upgraded from IND AA/Positive)
Instruments Covered
Basel III Tier 2 bonds and long-term issuer rating
Bond Size
Basel III Tier 2 bonds of INR11.65 billion
Rating Agency
India Ratings
Agency
India Ratings & Research

India Ratings upgrades Indian Overseas Bank issuer rating and INR11.65 billion Basel III Tier 2 bonds to IND AA+/Stable.

92.44%Government of India stake in IOB
Government of India stake in IOB: 92.44%.
IND AA+Upgraded · India Ratings & Research
PreviouslyIND AANowIND AA+
Upgraded by India Ratings & Research · IND AA to IND AA+ · outlook Stable.
Date of issuance – ISIN INE565A08035
Date of issuance – ISIN INE565A08043
Previous rating action
Previous rating action
Rating action (review) date
Date of issuance – ISIN INE565A08035 24 Sep 2019 · Date of issuance – ISIN INE565A08043 31 Mar 2022 · Previous rating action 18 Feb 2025 · Previous rating action 17 Feb 2026 · Rating action (review) date 5 Oct 2026

Also from Indian Overseas Bank

Repo Linked Lending Rate revised to 8.35% from 8.10% w.e.f. 08.10.2026

7 Oct 2026

Half-yearly statement of outstanding debt securities for the half year ended 30.09.2026; four bonds listed

3 Oct 2026

More numbers
  • Size of issue – Basel III Tier 2 bonds11.65 (INR billion)
  • Size of issue – Basel III Tier 2 bonds ISIN INE565A08043INR6.65 (billion)
  • Size of issue – Basel III Tier 2 bonds ISIN INE565A08035INR5 (billion)
  • Coupon rate – ISIN INE565A080438.60 (%)
  • Coupon rate – ISIN INE565A080359.08 (%)
  • Government of India stake in IOB92.44%
  • Total assets FY264,733 (INR billion)
  • Total equity FY26375.2 (INR billion)
  • Net profit FY2652.1 (INR billion)
  • Return on assets 1QFY271.41%
Source: BSE · 5 Oct 2026

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