Amid Positive Financial Performance, IOB Strengthens ESG Commitment with Green Finance, Women Empowerment, Sustainable Banking Initiatives
Indian Overseas Bank (IOB) has deepened its ESG and financial inclusion agenda by introducing Green Deposits, IOB Surya Loans, and E-Vehicle Loans to promote sustainable finance.
Mumbai, October 17: Indian Overseas Bank (IOB) has deepened its ESG and financial inclusion agenda by introducing Green Deposits, IOB Surya Loans, and E-Vehicle Loans to promote sustainable finance. The bank is also empowering women entrepreneurs and enhancing financial literacy through its SNEHA centres, while advancing paperless banking and energy-efficient operations as part of its broader commitment to responsible growth.
🏦 Business & Financial Highlights
- Total Business: ₹6,17,034 crore (↑14.1% YoY)
- Total Deposits: ₹3,39,066 crore (↑9.15% YoY)
- Advances: ₹2,77,968 crore (↑20.78% YoY)
- CASA Ratio: 40.52%
- Credit–Deposit Ratio: 81.98%
💰 Profitability
- Net Interest Income (NII): ₹3,059 crore (↑20.5% YoY)
- Operating Profit: ₹2,400 crore (↑12.8% YoY)
- Net Profit: ₹1,226 crore (↑57.8% YoY)
- ROA: 1.20% | ROE: 19.95%
- Net Interest Margin (Global): 3.21%
🧾 Asset Quality
- Gross NPA: ₹5,078 crore (↓18.7% YoY)
- Net NPA: ₹776 crore (↓26.7% YoY)
- GNPA Ratio: 1.83% | NNPA Ratio: 0.28%
- Provision Coverage Ratio (PCR): 97.48%
🏗️ Capital & Resilience
- CRAR: 17.94%
- Tier 1 Capital Ratio: 15.53%
- Book Value per Share: ₹13.13
🌾 Sectoral Credit Composition
- Retail: ₹78,765 crore (↑45% YoY)
- Agriculture: ₹83,023 crore (↑27% YoY)
- MSME: ₹48,494 crore (↑17% YoY)
- Corporate: ₹50,133 crore (↓3% YoY)
- RAM Portfolio Share: 80.75% of Domestic Advances
💻 Digital & Customer Initiatives
- WhatsApp Banking, Tab Banking, Revamped Mobile App, and AI-based PIN Tool launched.
- UPI Registered Users: 1.4 crore (↑35% YoY).
- Internet Banking Users: 37.1 lakh.
- Mobile Banking Users: 11.6 lakh.
- Business Correspondents (BCs): 11,467.
🌱 ESG & Inclusion
- Introduced Green Deposit, IOB Surya Loan, and E-Vehicle Loan for sustainable finance.
- Promotes women entrepreneurship and financial literacy through SNEHA centres.
- Strengthened paperless banking and energy-efficient operations.
🏅 Awards & Recognition
- Rajbhasha Kirti Award (third consecutive year).
- SKOCH BFSI Platinum Awards for IOB Smart App and Risk Management.
📈 Strategic Outlook
Under MD & CEO Ajay Kumar Srivastava, IOB continues to focus on:
- Strengthening digital innovation,
- Expanding RAM lending,
- Ensuring sustainable growth, and
- Achieving high asset quality and profitability.
