Indian Overseas Bank(IOB)

NSE: IOBBSE: 532388

₹ 30.34+5.71%refreshed 26 Oct, 03:53 pm ISTMarket cap: ₹ 58,424 crNext results: 26 Oct 2026Website: www.iob.inUpdated: 27 Oct 2026

About

Indian Overseas Bank (IOB) is a Chennai-headquartered public sector bank offering retail, corporate and treasury banking services across India and through overseas centres. It reported FY26 revenue of ₹31895.68 crore and serves 41+ million active customers. Its annual report describes it as a strong brand in South India, especially Tamil Nadu. India Ratings upgraded IOB's issuer rating to IND AA+/Stable in October 2026.^[1][2]

Business segments

Retail Banking was 44.8% of segment revenue in FY26 (₹16847.24 crore), up 10.0 percentage points over FY2022-FY2026.^[3]
Corporate/Wholesale Banking was 29.4% of segment revenue in FY26 (₹11036.61 crore).^[3]
Treasury Operations was 24.2% of segment revenue in FY26 (₹9096.13 crore), down 10.5 percentage points over FY2022-FY2026.^[3]

Products and services

As of FY25, IOB ran a universal banking model across retail, agriculture, MSME and corporate banking, including housing loans, jewel loans, business finance, agri-credit and ESG-linked products.^[2]
In FY25, green loan products included IOB Tejas, IOB Surya A/B and IOB HL Surya; ESG-linked loans totalled ₹876 Cr.^[2]
Under Stand Up India, the bank made 7231 sanctions in FY25 against a target of 6614.^[2]

Loan book and deposit mix

Total advances reached ₹3,22,132 crore in Q1 FY27, up 22.75% YoY from ₹2,62,421 crore in Q1 FY26.^[4]
Domestic CASA ratio stood at 41.45% in Q1 FY27; total deposits grew 13.72% YoY in Q1 FY27.^[4]
In FY26, domestic deposit mix was 41% CASA, 53% retail term and 6% bulk; total deposits grew 18.03% YoY while CASA grew 10.85%, lowering the CASA ratio 266 bps to 40.99%.^[5]
Over 87 lakh PMJDY accounts were serviced as of FY25, with cumulative balances of ₹3,835 crore.^[2]

Branch network and digital reach

Branch network stood at 3,438 as of Q3 FY26, with 120 branches opened in FY26 YTD and about 180 more in the pipeline for the following 3-6 months.^[6]
ATM count stood at 3,622 and Business Correspondent network at 11,959 as of Q3 FY26, up from 10,135 BCs in FY25 and 6,379 a year earlier.^[6][2]
58.17% of branches served rural and semi-urban centres as of FY25; 19 new rural branches were opened in FY25.^[2]
Overseas branches in Singapore, Hong Kong, Bangkok and Colombo contributed ₹25,063 crore of business, 4.46% of global business, in FY25.^[2]
96% of all transactions were digital in FY26; mobile banking registered users grew to 129.58 lakh (from 102.18 lakh) and UPI users reached 157.62 lakh.^[5]
Under RBI's Unified Lending Interface, IOB processed 2.62 lakh loan accounts disbursing over ₹5,700 crore in FY26, placing it among the top two public sector banks on that platform.^[5]
IOB had deployed 2752 self-service e-Passbook kiosks at branches as of FY25, about 500 more than a year earlier.^[2]

Key operating metrics

Domestic NIM was 3.48% in Q1 FY27, up 31 bps YoY; global NIM was 3.37%, up 33 bps YoY. Cost of deposits declined to 4.70% from 4.79% QoQ.^[4]
Slippage ratio was 0.06% in Q1 FY27; provision coverage ratio stood at 97.67%, up 20 bps YoY.^[4]
CRAR was 19.36% in Q1 FY27 (+108 bps YoY); CET1 stood at 16.94% as of FY26, against an 11.5% regulatory minimum.^[4]
ROA was 1.41% in Q1 FY27 (+27 bps YoY); credit cost was 0.14% in Q1 FY27.^[4]
Cost-to-income ratio was 45.76% in H1 FY26, 321 bps lower YoY, down from 56.3% in FY23.^[7]
PSLC commission income was ₹863 crore in Q1 FY27, up 334% YoY from ₹199 crore; management called it recurring across the past 8-9 quarters.^[4]
Employee attrition was about 1% in FY25, against an industry average of 25% cited by the bank.^[2]

ECL provisioning

IOB had created ₹2,150 crore of forward-looking ECL provision as of Q1 FY27 against an internal estimate of ~₹3,000 crore, targeting the full buffer by FY27 year-end without the 4-year dispensation.^[4]

Expansion and new initiatives

GIFT City IFSC branch: IFSCA licence received about 3-4 months before the Q1 FY27 call; branch expected to open within ~2 months; internal loan book target of $500 million by end of FY27.^[4]
FCNR-B deposits: $300 million mobilised since the RBI dispensation; target of $600-650 million by September 2026 using 4 overseas centres and 4.5 lakh NRI customers.^[4]
ECLGS 5.0: eligible universe ~₹4,400 crore; ₹2,600 crore disbursed as of Q1 FY27; remaining ₹1,800 crore expected by end of August/early September 2026.^[4]
Technology budget for FY26 was ₹1,700 crore (Board-approved), with technology investment targeted to rise ~15% YoY on a continuing basis.^[7]
A ₹5,000 crore equity raise via QIP/OFS is planned in Q3 or Q4 FY27 in one or more tranches.^[4]

Recent developments

India Ratings upgraded IOB's issuer rating to IND AA+/Stable from IND AA on 05 Oct 2026; Basel III Tier II bonds were also upgraded from AA to AA+.^[8]
IOB revised its Repo Linked Lending Rate from 8.10% to 8.35%, effective 08 Oct 2026.^[9]
In Q3 FY26, IOB eliminated its deferred tax asset of ~₹2,900 crore and adopted the new corporate tax regime.^[6]
Sponsored RRB Odisha Gramya Bank was amalgamated with Utkal Grameen Bank into Odisha Grameen Bank effective 1 May 2025.^[2]
Malaysian joint venture India International Bank (Malaysia) Berhad, owned with Bank of Baroda and Union Bank of India, was under voluntary winding up as of FY25.^[2]

Market Cap

₹58,424 Cr

High / Low

₹42 / 28

Stock P/E

9.3

Price / Book

1.5

Book Value

₹9

EPS

₹2.8

No. of Shares

1,925.66 Cr

ROE

15.7%

Sales

₹31,896 Cr

Net Profit

₹5,418 Cr

Promoter holding

92.4%

Loading chart…

Signal history

AI Deep Dive

The analysis Screener can't give you

Our models read the latest earnings call, annual report, and financials end-to-end - then grade management, value the business, and flag the risks. Unlock all of it for this company:

Verdict
The headline call - descriptive label, conviction, and the synthesis behind it.
Valuation
Guidance-anchored P&L bridge - worst / average / best multiple cases.
Walk the talk
Did management deliver on past guidance? A commitment-by-commitment scorecard.
Red flags
Forensic and governance risk pointers, severity-ranked.
Balance sheet
Solvency and earnings-quality score.
Concall briefs
Quarter-by-quarter earnings-call briefs - what changed and why.

₹49 unlocks this company for 90 days, ₹299 for a full year - bundles bring it lower. Built on public disclosures - educational, not investment advice.

AI Deep Dive

Verdict

Locked

The headline call - descriptive label, conviction, and the synthesis behind it.

Company data

Financials

Indian Overseas Bank(IOB)

About

Business segments

Products and services

Loan book and deposit mix

Branch network and digital reach

Key operating metrics

ECL provisioning

Expansion and new initiatives

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

Product Segments

Corporate Actions