Indian Overseas Bank Q2 FY27 Results Explained
In Q2 FY27 (July–September 2026), Indian Overseas Bank reported a net profit of ₹1,912 crore, up 56.0% from a year earlier. Gross NPA was 1.19% of loans (#1 of 12 PSU banks, lowest first), CASA ratio 41.1%, net interest margin 3.37% and capital adequacy 18.60%. On BankersClub's PSU Bank Scorecard it ranks #2 of 12 overall this quarter.
Open IOB in the interactive scorecard Compare IOB with another bank
IOB report card, Q2 FY27
Graded against the other 11 public sector banks this quarter.
Key numbers
| Measure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 | PSU median |
|---|---|---|---|---|
| Business growth (YoY) | 22.0% | – | #2 | 16.6% |
| CASA ratio | 41.1% | up 13 bps | #3 | 36.8% |
| Net interest margin | 3.37% | up 16 bps | #2 | 2.97% |
| Cost-to-income | 40.8% | down 500 bps | #3 | 47.9% |
| Return on assets | 1.53% | up 33 bps | #2 | 1.12% |
| Gross NPA | 1.19% | down 64 bps | #1 | 1.69% |
| Net NPA | 0.16% | down 12 bps | #3 | 0.30% |
| Provision coverage (excl. TWO) | 86.8% | up 206 bps | #5 | 82.9% |
| Capital adequacy (CRAR) | 18.60% | up 66 bps | #2 | 17.73% |
| Credit cost | 1.10% | up 13 bps | #10 | 0.55% |
| Business per employee | – | – | – | ₹34.4 crore |
| Profit per employee | – | – | – | ₹25.3 lakh |
Size of the bank
| Figure | Q2 FY27 | Change vs Q2 FY26 | Rank of 12 |
|---|---|---|---|
| Total business | ₹7.53 lakh crore | up 22.0% | #9 |
| Deposits | ₹4.07 lakh crore | up 20.2% | #9 |
| Advances | ₹3.46 lakh crore | up 24.3% | #9 |
| Gross NPA amount | ₹4,114 crore | down 19.0% | #2 |
| Operating profit | ₹3,016 crore | up 25.7% | #9 |
| Net profit | ₹1,912 crore | up 56.0% | #9 |
The quarter at a glance
What went right
- Return on assets up 33 bps from a year ago to 1.53%, now #2 of 12.
- Gross NPA down 64 bps from a year ago to 1.19%, now #1 of 12.
- Cost-to-income down 500 bps from a year ago to 40.8%, now #3 of 12.
What went wrong
- Credit cost up 13 bps from a year ago to 1.10%, now #10 of 12.
Loan book and deposits
Bar = share of advances or deposits. Growth is against Q2 FY26. Advances are domestic; shares are of the sum of segments. Banks report segments slightly differently; see the methodology.
Quarter by quarter
| Measure | Q2 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Net profit | ₹1,226 crore | ₹1,659 crore | ₹1,912 crore |
| Operating profit | ₹2,400 crore | ₹2,693 crore | ₹3,016 crore |
| Gross NPA | 1.83% | 1.33% | 1.19% |
| Net NPA | 0.28% | 0.18% | 0.16% |
| Net interest margin | 3.21% | 3.37% | 3.37% |
| Return on assets | 1.20% | 1.41% | 1.53% |
| CASA ratio | 41.0% | 41.5% | 41.1% |
| Capital adequacy (CRAR) | 17.94% | 19.36% | 18.60% |
| Cost-to-income | 45.8% | 54.0% | 40.8% |
Compare with similar-sized banks
- Bank of Maharashtra (#1 overall)
- UCO Bank (#6 overall)
- Central Bank of India (#8 overall)
- Punjab & Sind Bank (#12 overall)
Source and method
Standalone figures from Indian Overseas Bank’s own Q2 FY27 filing (IOB performance analysis Q2 FY27), checked against the bank’s reported ratios. Ratios are recalculated the same way for all 12 banks where the filing allows. How the scorecard works. Not investment advice.
Last updated 12 November 2026.
Frequently asked questions
What was Indian Overseas Bank's net profit in Q2 FY27?
Indian Overseas Bank reported a standalone net profit of ₹1,912 crore in Q2 FY27 (July–September 2026), up 56.0% from Q2 FY26.
What is Indian Overseas Bank's gross NPA ratio?
Gross NPA was 1.19% of loans at the end of Q2 FY27, ranking #1 of 12 public sector banks (lowest first). Net NPA was 0.16%.
How does Indian Overseas Bank rank among public sector banks?
On BankersClub's PSU Bank Scorecard, Indian Overseas Bank ranks #2 of 12 overall in Q2 FY27, based on growth, return on assets, gross NPA, capital adequacy, CASA ratio and cost-to-income.
What is Indian Overseas Bank's CASA ratio?
Indian Overseas Bank's CASA ratio was 41.1% in Q2 FY27, #3 of 12 public sector banks.
Where does this data come from?
From Indian Overseas Bank's own Q2 FY27 results filing, using standalone figures. Every ratio is recalculated the same way for all 12 public sector banks where the filing allows.