Amid Positive Financial Performance, IOB Strengthens ESG Commitment with Green Finance, Women Empowerment, Sustainable Banking Initiatives
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
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.
