Indian Overseas Bank Files Security Cover Certificate for Q3FY26 Under SEBI LODR Regulations

Indian Overseas Bank has filed its Security Cover Certificate for the quarter ended December 31, 2025, with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in compliance with Regulation 54(2)/(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission was made on January 14, 2026, by Ram Mohan K, the bank's Compliance Officer.

Outstanding Debt Securities Portfolio

The bank maintains a portfolio of listed non-convertible debt securities totaling ₹2,165.00 crores as of December 31, 2025. All outstanding securities are unsecured in nature and were issued through private placement.

ISIN Code:	Issue Type:	Security Type:	Outstanding Amount (₹ Crores):
INE565A08035	Private Placement	Unsecured	500.00
INE565A08043	Private Placement	Unsecured	665.00
INE565A08050	Private Placement	Unsecured	1,000.00
Total			2,165.00

Independent Auditor Verification

R. Devendra Kumar & Associates, Chartered Accountants (FRN: 114207W), serving as one of the bank's Central Statutory Auditors, has provided independent verification of the security cover certificate. Partner Neeraj Golas (Mem. No.: 074392) signed the auditor's certificate on January 14, 2026, confirming that the security cover data has been accurately extracted from the bank's unaudited financial statements for the quarter ended December 31, 2025.

The auditors conducted their examination in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India and SRS 4400 - Engagements to perform Agreed-upon procedures regarding Financial Information.

Regulatory Compliance and Covenants

The bank has demonstrated compliance with various covenants outlined in the Information Memorandum for its unsecured bonds. Key financial metrics as of December 31, 2025, include:

Financial Parameter:	Value:
Debt Equity Ratio	1.76
Debt / Total Assets	0.88
Net NPA Ratio	0.24%
Net NPA / TNW	0.026
Capital Adequacy Ratio (CAR)	16.30%
Recovery Expense Fund	₹0.25 crores

The bank confirmed timely payment of both interest and principal on due dates, with no defaults reported during the period from April 1, 2025, to December 31, 2025.

Credit Ratings Status

Indian Overseas Bank maintains stable credit ratings from multiple agencies:

CRISIL: AA/Stable (valid until June 27, 2025)
India Ratings: AA/Stable (valid until January 17, 2025)
CARE: AA/Stable (valid until September 29, 2025)
ICRA: AA/Stable (valid until November 12, 2025)

Trustee Arrangements

The security cover certificate was submitted to designated trustees IDBI Trusteeship Services Ltd. and SBICAP Trustee Company Limited, who oversee the bank's debt securities in accordance with regulatory requirements. The bank maintains its Recovery Expense Fund with BSE as per covenant obligations.

The submission fulfills the bank's quarterly reporting obligations under SEBI regulations and provides transparency to investors regarding the security cover maintained for its outstanding debt securities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.09%	-1.47%	-2.48%	-7.15%	-20.55%	+218.15%

Indian Overseas Bank has reported notable improvement in its asset quality parameters during the third quarter, with both gross and net non-performing asset ratios showing significant decline compared to the previous quarter. The enhanced metrics reflect the bank's continued focus on strengthening its loan portfolio and improving recovery mechanisms.

Asset Quality Performance

The bank's asset quality indicators demonstrated substantial improvement during the quarter under review. The following table presents the key non-performing asset metrics:

Metric:	Q3	Previous Quarter	Change
GNPA Ratio:	1.54%	1.83%	-0.29%
NNPA Ratio:	0.24%	0.28%	-0.04%

GNPA Ratio Improvement

The bank's Gross Non-Performing Assets (GNPA) ratio declined to 1.54% in the third quarter from 1.83% in the previous quarter, representing a quarter-on-quarter improvement of 29 basis points. This reduction indicates better loan quality and effective management of stressed assets within the bank's portfolio.

NNPA Ratio Enhancement

Net Non-Performing Assets (NNPA) ratio also showed improvement, decreasing to 0.24% from 0.28% on a quarter-on-quarter basis. The 4 basis points decline in NNPA ratio demonstrates the bank's enhanced provisioning coverage and recovery performance during the period.

Asset Quality Outlook

The improvement in both GNPA and NNPA ratios reflects Indian Overseas Bank's sustained efforts in maintaining asset quality standards. The declining trend in non-performing asset ratios indicates effective credit monitoring and collection processes implemented by the bank. These metrics position the bank favorably in terms of asset quality management within the public sector banking segment.