'Indian Overseas Bank has reported 76%
growth in net profit at Rs 1111.04 crore for the quarter ended June 2025
(Q1FY2026). The bank has posted healthy 13% growth in net interest income
(NII), while the core fee income of the bank also jumped 26% in Q1FY2026. The
Net Interest Margin (NIM) of the bank was steady at 3.04% in Q1FY2026 compared
to 3.06% in the corresponding quarter of previous year.
On business front, the bank has posted 12% growth
in business with strong 14% surge in loan book. The asset quality of the bank has
improved in Q1FY2026. Bank has shown rise in the credit to deposit ratio to 79.3%
at end June 2025 from 77.0% at end June 2024. CASA ratio of the bank has improved
to 43.8% at end June 2025 from 42.2% at end June 2024.
Asset quality improves: The bank has exhibited healthy improvement in
the asset quality in Q1FY2026.
The fresh slippages of loans dipped to Rs 280 crore
in Q1FY2026 compare...
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