Indian Overseas Bank (IOB) has reported a significant improvement in its financial performance for the second quarter, with a substantial increase in net profit, enhanced asset quality, and growth in interest income.

Profit Surge

IOB witnessed a remarkable 58% year-on-year increase in its net profit for Q2, reaching ₹1,226.42 crore compared to ₹777.16 crore in the same quarter last year. This robust growth in profitability underscores the bank's improved operational efficiency and strategic initiatives.

Interest Income Growth

The bank reported interest earnings of ₹7,850 crore in Q2, representing a 14.6% year-over-year increase from ₹6,850 crore. This growth in interest income contributes significantly to the bank's overall financial performance.

Asset Quality Enhancement

The bank's asset quality showed notable improvement:

• Gross Non-Performing Assets (GNPA) declined to 1.83% from 1.97% in the previous quarter.
• Net Non-Performing Assets (NNPA) decreased to 0.28% from 0.32% quarter-on-quarter.

This reduction in NPAs reflects IOB's effective asset management strategies and recovery efforts.

Key Financial Highlights

Improved Financial Metrics

• The bank's Return on Assets (annualized) stood at 1.20%, indicating efficient use of its assets.
• Capital Adequacy Ratio strengthened to 17.94%, well above the regulatory requirements, ensuring a robust capital position.
• Provision Coverage Ratio improved to 97.48%, reflecting strong provisioning practices.

Reduced NPA Provisions

IOB's provisions for non-performing assets (NPA) decreased to ₹121 crore in Q2 compared to ₹178 crore in the previous quarter. This reduction in provisions aligns with the bank's improved asset quality and may contribute to better profitability.

Outlook

With a significant reduction in NPAs, a substantial increase in profitability, and growth in interest income, IOB appears to be on a path of sustained growth and improved financial health. The bank's focus on asset quality and operational efficiency is likely to continue driving its performance in the coming quarters.

Investors and stakeholders will be keenly watching IOB's future strategies to maintain this growth momentum and further strengthen its market position in the competitive banking sector.

Indian Overseas Bank (IOB) has announced the re-appointment of Cameo Corporate Services Ltd. as its Registrar & Share Transfer Agent (RTA) following a decision made by the bank's Board of Directors. This move comes as the existing contract with Cameo Corporate Services is set to expire on October 31, 2025.

Key Details of the Re-appointment

Regulatory Compliance

The bank has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision was taken at a board meeting held on October 15, 2025, as per the LODR filing.

Implications for Shareholders

The re-appointment of Cameo Corporate Services as the RTA ensures continuity in shareholder services for IOB. As the Registrar & Share Transfer Agent, Cameo Corporate Services will continue to handle crucial functions such as:

• Processing share transfers
• Managing shareholder communications
• Handling dividend disbursements
• Maintaining shareholder records

This re-appointment through an open tender process suggests that IOB has confidence in Cameo Corporate Services' ability to meet its requirements and provide efficient services to its shareholders.

Shareholders of Indian Overseas Bank need not take any action regarding this change, as the transition is expected to be seamless given that the same RTA has been re-appointed.

The bank's decision to disclose this information promptly aligns with its commitment to transparency and adherence to regulatory standards, keeping investors and market participants well-informed about changes in its corporate structure and operations.