State-owned Indian Overseas Bank (IOB) on Friday reported a 76% year-on-year (YoY) rise in net profit to Rs 1,111 crore for the quarter ended June 2025, aided by improved income and asset quality.The Chennai-headquartered bank had posted a net profit of Rs 633 crore in the same quarter last fiscal, it said in a regulatory filing, according to PTI report.Total income during the April–June quarter of FY26 rose to Rs 8,866 crore, compared to Rs 7,568 crore in the corresponding period of FY25. Interest income grew to Rs 7,386 crore from Rs 6,535 crore in the year-ago quarter.Operating profit for Q1 rose to Rs 2,358 crore, up from Rs 1,676 crore last year.IOB also reported continued improvement in asset quality. Gross non-performing assets (NPAs) came down to 1.97% of gross advances, from 2.89% a year ago, while net NPAs fell to 0.32%, against 0.51% in the same period last year.The bank’s capital adequacy ratio stood at 18.28% at the end of June 2025, up from 17.82% a year earlier.
