Indian Overseas Bank earnings calls.

Indian Overseas Bank reported an exceptional Q1 FY27 with record quarterly PAT of ₹1,659 crore, up 49.3Current reported value: 49.3. No comparable prior figure is available in the source record.% YoY, driven by robust 22.75%Current 22.75%. Reported change: +700bps YoY. credit growth and 34% NII expansion. The bank's CASA ratio remains sticky at 41.45%Current 41.45%. Reported change: Flat YoY. despite aggressive deposit mobilization, enabling NIM expansion to 3.37% globally. Asset quality improved sharply—GNPA fell 64bps to 1.33% and Net NPA to 0.18%—while the provision coverage ratio stands at 97.67%. The management flagged that PSLC commission (₹863 crore) and recoveries from technical written-off accounts (₹490 crore) contributed significantly, though NII growth from core operations provides sustainable profitability foundation. Forward guidance indicates 13-14% minimum credit growth, ROA target of 1.45-1.46%, and full-year credit cost guidance of 0.35-0.4%. Capital adequacy at 19.36%Current 19.36%. Reported change: +785bps vs regulatory minimum. (vs regulatory 11.5%) provides ample buffer. The ₹5,000 crore QIP planned for Q3/Q4 will dilute government stake further. Risk includes SMA2 book increase of ₹600 crore QoQ to ₹4,246 crore, though management attributes this to normalization rather than stress, and concentration risk from a ₹10,000 crore corporate account exited in April due to pricing mismatch.