Tag: Indian Overseas Bank

Indian Overseas Bank Issues Stern Warning Over Poor Mobile Banking Registrations In a strongly worded internal communication, the Chief General Manager (CGM) of Indian Overseas Bank (IOB) has expressed deep dissatisfaction with the inconsiderably low number of registrations for the bank’s revamped mobile banking application, IOB Connect, at one of its branches. The letter, marked…

Chennai, July 20, 2025 — Indian Overseas Bank (IOB) has announced its highest-ever quarterly net profit of ₹1,111 crore for Q1FY26, registering a remarkable 75.57% year-on-year (YoY) growth. The public sector lender continues to show strong operational and asset quality performance, driven by growing business volumes and digital initiatives. 🔍 Key Financial Highlights (YoY Comparison):…