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Indian Overseas Bank Q4 profit surges 43% on lower provisions
Indian Overseas Bank reported a 43% surge in fourth-quarter net profit, reaching Rs 1505 crore, driven by lower provisions and tax expenses. Despite flat pre-provision operating profit due to treasury losses, the bank's asset quality improved with a falling NPA ratio. Annual net profit also saw a significant 56% increase.
Indian Overseas Bank Q4 PAT jumps 43% YoY to Rs 1,505 cr
Indian Overseas Bank's standalone net profit rose 43.20% year-on-year (YoY) to Rs 1,505.45 crore in Q4 FY26, compared with Rs 1,051.07 crore in Q4 FY25.
Indian Bank Q4 Results: Standalone profit grows 5% YoY to Rs 3,103 crore; Rs 18.25/share dividend declared
Indian Bank reported a standalone net profit of Rs 3,103 crore for the March-ended quarter, up 5% from Rs 2,956 crore a year ago. Net interest income (NII) rose 11% to Rs 7,110 crore in Q4FY26, compared with Rs 6,389.34 crore in the corresponding quarter of the previous financial year.
Indian Bank Q4 Results: Net profit rises 5% YoY to ₹3,103 crore, asset quality improves; declares ₹18.25 dividend
Indian Bank reported a net profit of ₹3,103 crore for the March quarter, a 5% increase from the previous year. Net interest income surged 11.28% to ₹7,110 crore compared to ₹6,389 crore last year.
Indian Bank Q4 Results: ₹308 crore provision for West Asia crisis; Board approves fund raise
Indian Bank’s Q4 profit rose 6%, while asset quality improved. The lender set aside ₹308 crore for West Asia risks, declared dividend, and approved plans to raise up to ₹5,000 crore.
Indian Overseas Bank Q4 results: Net profit rises 43% YoY to ₹1,505 crore, NII up 11% - Mint
Indian Overseas Bank Q4 results: Net profit rises 43% YoY to ₹1,505 crore, NII up 11%Mint
Indian Overseas Bank Q4 results: Net profit rises 43% YoY to ₹1,505 crore, NII up 11%
Indian Overseas Bank Q4 results: Net profit rises 43% YoY to ₹1,505 crore, NII up 11%
Indian Overseas Bank Q4 Results: Lower provisions aid profit, asset quality improves
In absolute terms, Indian Overseas Bank's Gross NPA stood at ₹4,409 crore from ₹4,529 crore in December, while net NPA improved to ₹637 crore from ₹707 crore earlier.
Today's Market: Sensex Today Trades Higher | Nifty Above 24,050 | Bandhan Bank Up 8% - Indian Stock Market News - Equitymaster
Today's Market: Sensex Today Trades Higher | Nifty Above 24,050 | Bandhan Bank Up 8% - Indian Stock Market NewsEquitymaster
Gainers & Losers: Jio Financial among 7 big movers on Thursday
Indian markets closed lower for a second straight session, with Sensex and Nifty falling over 1%. Selling pressure in IT, auto and financial stocks weighed on indices. Union Bank, Havells declined, while OFSS, Fractal Analytics and Jio Financial Services emerged as key gainers.
BOI, BoB CEOs get 3-year extension; Indian Bank ED term extended
ACC extends tenures of Rajneesh Karnatak at Bank of India and Debadatta Chand at Bank of Baroda as MD and CEO, and Ashutosh Choudhury as Executive Director at Indian Bank.
Trent, L&T to HDFC Bank: How are the worst-performing Nifty 50 stocks of last month faring in April?
Earlier this month, DSP Mutual Fund in its strategy report said that it is shifting from a conservative to a constructive view on the Indian stock market, as the correction has brought valuations closer to long-term averages.