Indian Overseas Bank profit surges 76% as provisions fall, other income improves
- Posted on July 18, 2025
- By Financial Express
- 1 Views
Indian Overseas Bank profit surges 76% as provisions fall, other income improves
Indian Overseas Bank posts a 76% YoY profit surge to Rs 1,111 crore in Q1, driven by lower provisions and higher other income. Asset quality improves, loan growth expected at 12-13%. Bank plans Rs 4,000 crore QIP and a new branch at GIFT City.
