Indian Overseas Bank

By Gurjot Singh , 15 January 2026

Indian Overseas Bank posted a sharp improvement in its financial performance during the third quarter, reporting a 56 percent year-on-year surge in net profit, driven primarily by a significant reduction in bad loans. The state-owned lender benefited from improved asset quality, lower provisioning requirements, and steady growth in core income. A focused recovery strategy, tighter credit monitoring, and improved collections helped strengthen the balance sheet.

By Sachman Kochar , 15 January 2026

Indian Overseas Bank has announced plans to raise up to Rs. 4,000 crore in the fourth quarter of the current financial year, signaling a renewed focus on capital strengthening and sustainable growth. The proposed fundraise is aimed at improving the bank’s capital adequacy, supporting future credit expansion, and enhancing its resilience amid a competitive banking environment. Coming after a period of improved asset quality and profitability, the move reflects growing confidence in the public sector lender’s financial turnaround.