# IOB Q2 Profit Surges 56% to Rs 1,912 Crore

> IOB boosts Q2 profit by 56% to ₹1,912 crore, raising FY27 growth target.
- Title: IOB Q2 Profit Surges 56% to Rs 1,912 Crore · Financialexpress
- Summary: IOB boosts Q2 profit by 56% to ₹1,912 crore, raising FY27 growth target. Indian Overseas Bank reported 56% year-on-year Q2 FY27 net profit growth to ₹1,912…
- Keywords: indian overseas bank, q2 fy27, net profit, growth guidance, deposit growth, credit growth, ram loans, business, money, news, IOB, Profit
- Source: Financialexpress — https://financialexpress.com/business/banking-finance-iob-q2-profit-jumps-56-to-rs-1912-crore-lender-raises-fy27-growth-guidance-4369728
- Author: Narayanan V
- Published: 2026-10-26T12:06:56+00:00
- Read time: 1 min
- Topics: indian overseas bank, q2 fy27, net profit, growth guidance, deposit growth, credit growth, ram loans, business, money, news
## IOB Q2 Profit Jump
Indian Overseas Bank reported 56% year-on-year rise in Q2 FY27 net profit to ₹1,912 crore.
## Profit Drivers
Strong interest income growth, lower expenses, and improved asset quality boosted profitability.
## Credit Growth
Gross advances rose 24.35% year-on-year to ₹3.45 lakh crore, driven by retail, agriculture and MSME loans.
## CASA Deposits
CASA deposits rose 21% to ₹1.65 lakh crore, with 140 million new customers over three years.
## Asset Quality
Gross NPAs declined to 1.19% in September from 1.33% in the previous quarter.
## Growth Guidance
IOB raised FY27 growth target to 20%-21% credit and deposits amid festive season.
## Key takeaway

Indian Overseas Bank reported 56% year-on-year Q2 FY27 net profit growth to ₹1,912 crore, raising FY27 growth guidance to 20%-21%.