Indian Overseas Bank (IOB) reported a 43% year-on-year rise in net profit to Rs 1,505 crore in the fourth quarter, aided by higher interest income and lower provisions and tax expenses. For FY26, net profit rose 56% to Rs 5,419 crore, crossing the Rs 5,000 crore mark for the first time. The public sector lender also crossed a key milestone, with annual operating profit exceeding Rs 10,000 crore for the first time at Rs 10,026 crore. “This has been one of our best years in terms of overall performance and consistency,” said Ajay Kumar Srivastava, MD & CEO, Indian Overseas Bank. He attributed the sharp jump in profitability to multiple factors.