Indian Overseas Bank shares climb nearly 6 pc after Q2 earnings

New Delhi, Oct 26 (PTI) Shares of Indian Overseas Bank (IoB) on Monday jumped nearly 6 per cent after the firm reported a 56 per cent growth in net profit for the September quarter, buoyed by higher interest income.

The stock rallied 5.71 per cent to settle at Rs 30.34 on the BSE. During the day, it surged 6.16 per cent to Rs 30.47.

At the NSE, shares of the company jumped 5.92 per cent to close at Rs 30.38.

Indian Overseas Bank on Monday reported a 56 per cent growth in net profit at Rs 1,912 crore for the second quarter ended September 30, buoyed by higher interest income.

The public sector bank had reported a net profit of Rs 1,226 crore in the July-September quarter of 2025-26. Interest income of the bank rose to Rs 9,201 crore from Rs 7,849

crore.

Gross non-performing assets (NPAs) as a percentage of gross advances improved to 1.19 per cent in Q2 of FY27, from 1.83 per cent in the second quarter of FY26. PTI SUM SUM ANU

ANU