Indian Overseas Bank jumps on Q4 profit rise, lower provisions

Indian Overseas Bank

29/04/2026 09:01

** Shares of Indian Overseas Bank IOBK.NS jump as much as 4% to 36.39 rupees; last up 1.66%

** Bank reported quarterly net profit at 15.05 billion rupees ($158.85 million), up 43.2% y/y

** Provisions and contingencies down 5.4% y/y

** Trading vols at 17.2 mln shares, nearly 3x their 30-day average

** YTD, stock down ~1.1% vs Nifty PSU .NIFTYPSU index's jump of ~2.8%

($1 = 94.7450 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))