Q2 FY27: Net profit up 55.95% to ₹1,912 Cr, gross NPA 1.19%

Indian Overseas Bank's release for the quarter ended 30 September 2026 shows net profit of ₹1,912 Crore, up 55.95% YoY, on net interest income of ₹3,867 Crore (up 26.41%). Operating profit was ₹3,016 Crore (up 25.67%). The gross NPA ratio eased to 1.19% and the net NPA ratio to 0.16%. Global business grew 22.05% to ₹7,53,078 Crore, with global advances up 24.35% and global deposits up 20.16%. For the half year, net profit was ₹3,572 Crore, up 52.85%. Material earnings beat/acceleration: Net profit growth 56% YoY indicates marked improvement in core profitability and operating leverage for the quarter. Margin and NII expansion: NII up 26% signals stronger lending spreads or volume growth primary driver of bank earnings. Operating cash generation strengthening: Cash from operating activity rose to ₹4,780 Cr (↑80.6% vs prior), supporting internal capital generation and provisioning capacity. Sharply improved asset quality: Low gross NPA (1.19%) and very low net NPA (0.16%) reduce provisioning drag and tail risk from stressed assets. Balance-sheet growth: Global business up 22% shows scale expansion which, if sustained, supports higher recurring income and cross-sell potential.