Indian Overseas Bank has informed the stock exchanges of an upcoming Board of Directors meeting scheduled for Thursday, 21st May 2026, at Chennai. The intimation was issued on 18th May 2026 under reference number IRC/44/2026-27, in compliance with Regulations 29(1) & 50(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and amendments thereto.

Board Meeting Agenda

The board meeting has been convened to deliberate on two significant agenda items pertaining to the bank's financial structure and future capital strategy. The following matters are scheduled for consideration:

Regulatory Compliance

The intimation has been filed with both BSE Limited and the National Stock Exchange of India Ltd., as required under the applicable SEBI listing regulations. The disclosure was signed by Raghuram Mallela, Deputy General Manager, Company Secretary & Compliance Officer of the bank, on 18th May 2026.

Key Highlights

• The board will consider the Capital Plan for FY 2026-27, which relates to the bank's capital-raising and allocation strategy for the upcoming fiscal year.
• The board will also deliberate on the Appropriation of Accumulated losses from Share Premium, a significant balance sheet management measure.
• The meeting has been convened in accordance with SEBI (LODR) Regulations, 2015, ensuring full regulatory compliance.

Indian Overseas Bank reported a 56.16% increase in net profit to Rs 5,208 crore for the financial year ended March 31, 2026, compared to Rs 3,335 crore in the previous year. The bank's total business grew by 20.76% to Rs 6,78,614 crore, driven by a 24.16% rise in advances and an 18.03% growth in total deposits. Operating profit reached an all-time high of Rs 10,026 crore, registering a growth of 15.40%.

Asset Quality and Capital Adequacy

The bank demonstrated consistent improvement in asset quality, with the Gross NPA (GNPA) ratio declining by 72 basis points to 1.42% as of March 31, 2026, from 2.14% a year ago. The Net NPA (NNPA) ratio stood at 0.21%, down from 0.37% in the previous year. The provision coverage ratio (PCR) improved to 97.50%. The Capital to Risk-weighted Assets Ratio (CRAR) strengthened to 19.78%, well above the regulatory minimum of 11.50%.

Key Financial Metrics

The following table outlines the bank's key performance indicators for the financial year ended March 31, 2026:

Operational Highlights

The bank's fee-based income increased by 15.91% to Rs 2,732 crore. Domestic CASA deposits stood at Rs 1,50,936 crore, constituting 40.99% of total deposits. The bank also focused on its Retail, Agri, and MSME (RAM) segments, which constituted 83% of domestic advances. The transcript of the analyst meet held on May 8, 2026, has been uploaded to the bank's website.

Source: None/Company/INE565A01014/9f3dffdf777c4f8e.pdf