Indian Overseas Bank (IOB) announced its Q3FY26 financial results, showcasing a strong performance with its net profit reaching an all-time high of ₹1,365 crore, a significant increase of 56.18% year-on-year compared to ₹874 crore in Q3FY25. For the nine-month period of FY26, the net profit stood at ₹3,703 crore, marking a 62.13% rise.

Operating profit for the quarter grew by 14.87% YoY to ₹2,603 crore, with the nine-month operating profit reaching ₹7,361 crore, up by 21.27%. Net Interest Income (NII) saw an 18.29% YoY increase to ₹3,299 crore in Q3FY26, and for the nine months, it was ₹9,104 crore, up 17.20%. The bank's domestic Net Interest Margin (NIM) improved to 3.42% in Q3FY26 from 3.35% in Q2FY26, and Return on Assets (ROA) increased to 1.28% from 0.93% YoY.

The bank's total business grew by 18.71% YoY to ₹6.44 lakh crore as of December 2025. Deposits increased by 14.5% YoY to ₹3.49 lakh crore, with CASA deposits growing by 7.8% to ₹1.43 lakh crore. Retail Term Deposits (RTD) saw a 16.3% increase to ₹1.75 lakh crore. Advances grew by 24.1% to ₹2.95 lakh crore, with significant growth in Retail, Agri, and MSME credit.

Asset quality improved further, with Gross NPA ratio reducing to 1.54% (down 101 bps YoY) and Net NPA ratio to 0.24% (down 18 bps YoY). The Provision Coverage Ratio (PCR) increased to 97.49%, and Credit Cost stood at 0.44%. Total recovery for Q3FY26 was ₹890 crore, and for the 9-month period, recoveries were ₹2,616 crore against slippages of ₹845 crore.

IOB also expanded its network, adding 116 new branches in the last year, bringing the total to 3,438 branches, with 58% in rural and semi-urban areas. The ATM/CR network increased to 3,622, and Business Correspondents grew to 11,959.

The bank's Capital Adequacy Ratio (CAR) stood at 16.30% at the end of Q3FY26.