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Shares of Indian Overseas Bank gained about 4% after the lender reported a strong set of results for the third quarter of FY26.
The bank's net profit jumped 56.2% year-on-year to ₹1,365 crore, compared with ₹873.7 crore in the same period last year.
Net interest income grew 18.3% year-on-year to ₹3,298.5 crore from ₹2,789 crore.
Asset quality also improved during the quarter, with gross non-performing assets easing to 1.54% from 1.83% on a quarter-on-quarter basis, while net NPAs declined to 0.24% from 0.28% in the previous quarter.
The bank's net profit jumped 56.2% year-on-year to ₹1,365 crore, compared with ₹873.7 crore in the same period last year.
Net interest income grew 18.3% year-on-year to ₹3,298.5 crore from ₹2,789 crore.
Asset quality also improved during the quarter, with gross non-performing assets easing to 1.54% from 1.83% on a quarter-on-quarter basis, while net NPAs declined to 0.24% from 0.28% in the previous quarter.
