Indian Overseas Bank (IoB) on Monday reported a 56 per cent growth in net profit at Rs 1,912 crore for the second quarter ended September 30, buoyed by higher interest income. The public sector bank had reported a net profit of Rs 1,226 crore in the July-September quarter of last fiscal 2025-26. Interest income of the bank rose 17 per cent to Rs 9,201 crore during the September quarter of current fiscal, from Rs 7,849 crore in the corresponding quarter of last fiscal. Gross non-performing assets (NPAs) as a percentage of gross advances improved to 1.19 per cent in Q2 of FY27, from 1.83 per cent in the second quarter of FY26. Shares of IoB were trading at Rs 30.01, up 4.56 per cent over previous close on BSE.
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