News for Indian Overseas Bank (IOB.NS)

With outstanding bank debt surpassing <span class='webrupee'>₹</span>8,500 crore, MTNL's ability to monetize its properties could alleviate its financial woes, but the defaulting telco's hands are tied.

Banks' profitability received a boost from higher treasury gains in the June quarter, offsetting pressure on net interest margins following the RBI's rate cuts. While some banks experienced dips in net profit due to asset quality issues, treasury income provided a crucial buffer. However, executives anticipate reduced treasury opportunities in the second quarter as bond yields stabilize.

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Indian banks report varying financial performances in Q1 FY26, with Union Bank, ICICI Bank, HDFC Bank, and others showing growth.

India Business News: Indian Overseas Bank (IOB) has announced a record net profit of Rs 1,111 crore for Q1 FY26, a 76% increase year-on-year. Confident in sustaining this

Indian Overseas Bank is confident about sustaining its financial performance, aiming to maintain a net profit exceeding Rs 1,000 crore in upcoming quarters, driven by consistent growth. The bank reported a 76% surge in net profit for the April-June 2025 quarter, reaching Rs 1,111 crore.

Indian Overseas Bank reports strong profit growth in Q1 FY26, driven by retail and MSME loans, with plans to raise capital.

Indian Overseas Bank posted a 76% YoY rise in June quarter profit to Rs 1,111 crore, aided by higher recoveries, improved asset quality, lower provisions, and increased income. Gross NPA fell to 1.97%, while NII rose 12.5%.

India Business News: Indian Overseas Bank (IOB) witnessed a significant surge in net profit for the quarter ended June 2025, reporting Rs 1,111 crore, a 76% YoY increase.

Indian Overseas Bank reports 76% jump in net profit to ₹1,111 crore in Q1 FY26, with improved asset quality.

At least 37 companies, including JSW Steel Ltd., Reliance Industries Ltd. and Hindustan Zinc Ltd, among others, are set to announce their financial results for the quarter ended June 2025 on July 18.

Q1 Results Today Live Updates 18th July 2025: Find all the latest updates related to the Q1FY26 results of Reliance Industries, JSW Steel, Hindustan Zinc, Indian Overseas Bank, Hatsun Agro Products, Mastek, Bandhan Bank, IndiaMART InterMESH, Kerala Ayurveda, MPS, Mahindra EPC Irrigation, Aarti Drugs, Alkali Metals, ASI Industries, Atul, Deccan Bearings, Garuda Construction and Engineering, L&T Finance, Mangalore Refinery and Petrochemicals, Indosolar,Shiva Cement, Ponni Sugars, Khaitan, Jayaswal Neco Industries and more. Axis Bank, Wipro, HDFC AMC and more in focus due to Q1 results.

Indian Overseas Bank has reduced its Marginal Cost of Funds-based Lending Rates. The reduction is by 50 basis points across all tenors. The revised rates are effective immediately. The bank's Asset Liability Management Committee made the decision on July 14. The new overnight MCLR is 8.15 percent. This revision will benefit borrowers with loans linked to MCLR.

State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling ₹8,585 crore.

India Business News: MTNL, the state-run telecom company, has defaulted on bank loans totaling Rs 8,585 crore from seven public sector banks between August 2024 and Februa

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Mahanagar Telephone Nigam Ltd. has defaulted on a staggering Rs 8,584.9 crore as of June 2025 in principal and interest payments to seven public sector banks, according to its latest exchange filing.

MTNL said the defaults span from August 2024 to February 2025. According to the breakdown, the company owes ₹7,794.34 crore in overdue principal and ₹790.59 crore in unpaid interest.

Mahanagar Telephone Nigam Ltd. disclosed on Monday a significant default of Rs 8,584.9 crore in principal and interest payments to seven public sector banks as of June 2025, according to an exchange filing. The affected lenders include Union Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Indian Overseas Bank, Punjab & Sind Bank, and Bank of India. Earlier this month, the government moved to simplify the process of selling MTNL assets to central and state government entities