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IOB jumps as PAT rises 21% YoY to Rs 874-cr in Q3 FY25

20-Jan-25 14:35 Hrs IST

Operating profit stood at Rs 2,266 crore in the December 2024 quarter, up 27.28% from Rs 1780.2 crore posted in the corresponding quarter last year.

Profit before tax gained 14.70% year on year (YoY) to Rs 1,237.4 crore in the quarter ended 31 December 2024.

Net interest income jumped 16.30% to Rs 2,789 crore in Q3 FY25 as compared to Rs 2,398 crore in the corresponding period last year. Net interest margin (NIM) improved to 3.33% in Q2 FY25 as compared to 3.12% registered in the same period a year ago.

On the asset quality front, the bank's gross non-performing assets (NPAs) declined 28.28% to Rs 6,071 crore as on 31 December 2024 as against Rs 8,441 crore as on 31 December 2023. The bank's net non-performing assets (NPAs) declined 25.10% to Rs 976 crore as on 31 December 2024 as against Rs 1,303 crore as on 31 December 2023.

The ratio of gross NPAs reduced to 2.55% as on 31 December 2024 as compared to 3.90% as on 31 December 2023. The ratio of net NPAs reduced to 0.42% as on 31 December 2024 from 0.62% as on 31 December 2023.

Provision coverage ratio improved to 97.07% as on 31 December 2024 as against 96.85% as on 31 December 2023.

Total deposits stood at Rs 3,05,121 crore (up 9.74% YoY), while advances came in at Rs 2,37,632 crore (up 9.93% YoY) as on 31 December 2024.

Total CASA rose 9.45% to Rs 1,32,338 crore as 31 December 2024, as compared with Rs 1,20,915 crore as on 31 December 2023. CASA ratio reduced to 43.37% as on 31 December 2024 from 43.49% reported in the same period a year ago.

CRAR improved to 16.97% as on 31 December 2024 as against 16.80% as on 31 December 2023.

Indian Overseas Bank is engaged in the business of banking & financial services.

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	KYC RDD Annexure

Sr No	Start Date	Department	Tender Details	Status
1	07-12-2024	Administration	RFP for office premises on lease at Chennai	16-12-2024
			A. News Paper Article
			B. General Information
			C. Technical Bid
			D. Financial Bid
			E. Pre Bid Meeting Link
			F. Technical BID Meeting Link
			G. Financial BID Meeting Link
2	10-06-2024	IA	RFP for appointment of internal auditors for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
			A. Request For Proposal
			B. Extension of RFP
3	10-06-2024	IA	RFP for appointment of internal auditors and Concurrent Audit for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
4	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
5	16-10-2023	Compliance	RFP for Procurement of AML/PML software solution
	06-11-2023	Compliance	A. Addendum - Extension Period for procurement of AML/PML sofware solution
6	28-10-2024	IT	RFP for Procurement of Firewall	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
7	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
8	07-07-2023	CS	RFP for Secretarial Audit
9	26-06-2023	IT	RFP for AMC of Online UPS system installed at IFINs Branch office	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
10	16-06-2023	IT	E-tender for engagement of annual system audit and cyber security audit agency	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
11	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
12	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
			E. Extension of RFP
			F. Closure of RFP
13	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
14	24-04-2023	IA	Extension Of RFP iCOM IA for FY 2023-2024	Closed
15	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
			A. Status_of_RFP_for_secretarila_audit
16	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
17	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
18	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
19	24-04-2023	IA	RFP For Appointment Of Internal Auditor iCOM 23-24	Closed
20	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
21	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed