Indian Overseas Bank reported strong Q2 performance with a 13.75% year-over-year growth in total deposits and a significant net profit increase of 24.32%. The Gross NPA improved to 2.72%, reflecting better asset quality.

The bank emphasized digital initiatives to enhance customer experience and operational efficiency.

Ongoing collaboration with fintechs aims to drive innovation.

The shareholding pattern remains predominantly with the Government of India at 96.38%. Overall, the bank is well-positioned for sustained growth.