Indian Overseas Bank Q3 Net Profit Jumps 56% to ₹1,365 Cr; NII Up 18%

• Indian Overseas Bank (IOB) reported a significant 56.2% year-on-year surge in net profit, reaching ₹1,365 crore for Q3 FY26.
• The bank's net interest income (NII) also saw an impressive 18.3% year-on-year growth, climbing to ₹3,298.5 crore.
• Asset quality improved, with gross non-performing assets (NPAs) decreasing to 1.54% from 1.83% sequentially.
• Net NPAs also showed improvement, declining to 0.24% from 0.28% in the previous quarter.
• Following the strong results, shares of Indian Overseas Bank gained approximately 4%.

Why It Matters: IOB's Q3 FY26 results show robust financial health with significant profit and NII growth, plus improved asset quality.