Q2 FY27: Net profit up 55.95% to ₹1,912 Cr, gross NPA 1.19%, global business up 22.05%
IOB Q2 FY27 press release: profit and asset quality improve YoY.
By ScoutQuest · · 2 min read
- Net Profit
- ₹1,912 Crore, up 55.95%
- Net Interest Income
- ₹3,867 Crore, up 26.41%
- Gross NPA / Net NPA
- 1.19% / 0.16%
The bank's release for the quarter and half year ended 30 September 2026 shows profit, margins and asset quality all higher than a year earlier. Growth figures below are year-on-year (YoY) unless stated.
Quarterly performance
- Net profit rose 55.95% YoY to ₹1,912 Crore, and was 15.25% higher than the June 2026 quarter.
- Operating profit rose 25.67% YoY to ₹3,016 Crore.
- Net interest income rose 26.41% YoY to ₹3,867 Crore.
- Net interest margin (domestic) was 3.49%, up 14 bps; global NIM was 3.37%, up 16 bps.
- Return on assets was 1.53% (up 33 bps) and return on equity 24.58% (up 463 bps).
- Cost-to-income ratio improved 498 bps to 40.78%.
Asset quality
- Gross NPA ratio fell 64 bps YoY to 1.19%; net NPA ratio fell 12 bps to 0.16%.
- Provision coverage ratio stood at 97.69%.
- Slippage ratio was 0.07% and credit cost 0.17%.
- NPA recovery during the quarter was ₹647 Cr, stated as 2.95 times the quarterly slippages.
- Capital adequacy (CRAR) was 18.60%, up 66 bps, with the CET-1 ratio at 16.26%.
Balance sheet growth
- Global business rose 22.05% to ₹7,53,078 Crore; global advances rose 24.35% to ₹3,45,650 Crore and global deposits 20.16% to ₹4,07,428 Crore.
- CASA deposits rose 20.73% to ₹1,65,862 Crore. The domestic CASA ratio was 41.14% and the global CASA ratio 40.71%.
- Savings bank deposits rose 18.11% to ₹1,31,408 Crore and current account deposits 31.87% to ₹34,454 Crore.
- The RAM segment grew 34.51%, within which retail grew 33.77%, agri 47.31% and MSME 13.80%.
Half year (six months) numbers
- Net profit ₹3,572 Crore, up 52.85%, against ₹2,337 Crore in H1 FY26.
- Operating profit ₹5,710 Crore, up 20.01%, against ₹4,758 Crore in H1 FY26.
- Net interest income ₹7,555 Crore, up 30.15%, against ₹5,805 Crore in H1 FY26.
- Non-interest income ₹3,387 Crore, up 19.01%, against ₹2,846 Crore in H1 FY26.
- Domestic NIM 3.48%, global NIM 3.37%, return on assets 1.46%, return on equity 23.83% and slippage ratio 0.14% for H1 FY27.
How to read it
- Profit growth is running ahead of business growth, helped by wider margins and a lower cost-to-income ratio.
- Both NPA ratios and the slippage ratio are low, and the release states quarterly recoveries of ₹647 Cr were well above fresh slippages of 0.07%.
- These are the bank's reported figures for the quarter and half year ended 30 September 2026.
Also from Indian Overseas Bank
CFO change: Akshit Choudhary appointed Chief Financial Officer from 01.11.2026
27 Oct 2026
IOB shares were down 2% in trading today and in focus
27 Oct 2026
Indian Overseas Bank Q2 FY27: net profit up 55.95% YoY to Rs 1912 crore, GNPA falls to 1.19%
26 Oct 2026
More numbers
- Net profit (Q2 FY27)₹1,912 Crore
- Operating profit (Q2 FY27)₹3,016 Crore
- Net interest income (Q2 FY27)₹3,867 Crore
- Gross NPA ratio1.19%
- Global business₹7,53,078 Crore
- Global advances₹3,45,650 Crore
- Global deposits₹4,07,428 Crore
- Capital adequacy ratio (CRAR)18.60%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.