Record Breaking Quarter for Indian Overseas Bank

Public sector Indian Overseas Bank (IOB) has reported a significant 30% increase in net profit, reaching Rs 1,051 crore in the quarter ended March 31, 2025. This marks a substantial rise from Rs 808 crore in the same quarter the previous year.

Historic Achievement: For the first time, the Chennai-headquartered bank has crossed the Rs 1,000-crore mark in net profit during a quarter, setting a new benchmark in its financial performance.