Transcript of Analyst Meet held on 20.07.2026

Ref No. IRC/109/2026-27 24.07.2026 The General Manager, The Vice President, Department of Corporate Services, National Stock Exchange Ltd., BSE Limited, Exchange Plaza, C-1 Block G, Floor 1, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai – 400 051 BSE SCRIP CODE: 532388 NSE SCRIP CODE: IOB Madam/Sir, Transcript of Analyst Meet/Earnings Call held on 20.07.2026 Pursuant to Regulations 30 and 46(2) of SEBI (LODR) Regulations and guidance note of stock exchanges dated 29.07.2022 on disclosures pertaining to Analysts /Institutional Investors Meet, we enclose herewith the transcript of Analyst Meet/Earnings Call held on 20.07.2026. The same has also been uploaded on the Bank’s website. This is for your information and appropriate dissemination. Yours faithfully, Raghuram Mallela Deputy General Manager/ Company Secretary & Compliance Officer Indian Overseas Bank, Investor Relations Cell, Central Office, 763 Anna Salai, Chennai 600 002 044 – 7172 9791, 2888 9360 | investor@iob.bank.in Indian Overseas Bank Q1 FY2027 Earnings Conference Call July 20, 2026 MANAGEMENT: MR. AJAY KUMAR SRIVASTAVA, MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, INDIAN OVERSEAS BANK MR. JOYDEEP DUTTA ROY, EXECUTIVE DIRECTOR, INDIAN OVERSEAS BANK MR. DHANARAJ T., EXECUTIVE DIRECTOR, INDIAN OVERSEAS BANK MR. RAGHURAM MALLELA, COMPANY SECRETARY, INDIAN OVERSEAS BANK MODERATOR: MS. SONALI PANDEY, GROUP HEAD, VERITAS REPUTATION PR PRIVATE LIMITED Page 1 of 12 Indian Overseas Bank July 20, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Earnings Conference Call of Indian Overseas Bank arranged by Veritas Reputation. At this moment, all participant lines are in the listen-only mode, and later we will conduct the question-and-answer session. At that time, if you have a question, please press star and one on the touchtone keypad. Please note that this conference is being recorded. I now hand the conference over to Ms. Sonali Pandey from Veritas Reputation PR. Thank you, and over to you, Ms. Pandey. Sonali Pandey: Thank you. Good evening, and welcome to Indian Overseas Bank Conference Call to discuss our Financial Results for Quarter 1 FY26-'27 ended June 30, 2026. Indian Overseas Bank, IOB, headquartered in Chennai, continues to strengthen its presence with over 3,522 branches, around 3,691 ATMs and 13,401 business correspondents across India. IOB also provides services in 4 countries: Singapore, Hong Kong, Thailand and Sri Lanka, with a trust of 46-plus million total customers in the bank's fold. Our comprehensive suite of services spans personal, corporate and agricultural banking, along with credit cards, loans and insurance products. Our financial results are available on our website and stock exchange platforms. Before we proceed, please note that today's discussion may include forward-looking statements subject to risks and uncertainties that could impact future outcomes. We encourage you to consider these factors when evaluating our performance. Joining us today are Shri. Ajay Kumar Srivastava, Managing Director and CEO; Mr. Joydeep Dutta Roy, Executive Director; Mr. Dhanraj T., Executive Director. We will begin with an overview of our quarter 1 performance followed by a Q&A session. Now I invite Mr. Raghuram Mallela, Company Secretary, Indian Overseas Bank, to present the financial highlights. Over to you, sir. Raghuram Mallela: Thank you, Sonali. Good evening, all. I am pleased to present an overview of the Bank's performance during the quarter ended June 30, 2026. It's a proud moment for the bank today that the bank has reached a new milestone by achieving an all-time high quarterly net profit of INR 1,659 crores for this quarter as compared to INR 1,111 crores as on June 30, 2025 with 49.32% year-on-year increase. Bank has achieved the operating profit of INR 2,693 crores, registering a year-on-year growth of 14.21%. Regarding the performance of the bank for the quarter ended 30 June 2026, bank has achieved a business mix of INR 6,98,325 crores, recording a year-on-year growth of over 17.72%. CASA in absolute terms stood at INR 1,54,415 crores, with a year-on-year growth rate of 6.61%. CASA ratio domestic as on June 2026 stood at 41.45%. CASA Global stood at 41.05%. Total deposits reached at INR 3,76,193 crores as on 30 June 2026 with a year-on-year growth rate of 13.72%. Total advances increased year-on-year by 22.75%, reaching INR 3,22,132 crores as against INR 2,62,421 crores as of 30th June 2025. Provision coverage ratio improved to 97.67% as on 30 Page 2 of 12 Indian Overseas Bank July 20, 2026 June 2026 as compared to 97.47% as on 30 June 2025. Capital adequacy ratio stood at 19.36% as against the regulatory requirement of 11.50%. Net interest margin global for the quarter ended 30 June 2026 is 3.37% with an increase of 12 bps as compared to 3.25% as of the last quarter March 2026. Net interest margin domestic stood at 3.48% for the quarter ended June 2026 as compared to 3.35% for the quarter ended March 2026. With regard to the NPA management, gross NPA reduced from INR 5,178 crores to INR 4,292 crores year-on-year basis. Net NPA reduced from INR 816 crores to INR 588 crores. GNPA percentage has reduced by 64 bps year-on-year from 1.97% as on June 2025 and reached 1.33% as on June 2026. Similarly, net NPA percentage has also been reduced by 14 bps year-on-year from 0.32% as on June 2025, and it stood at 0.18% as on June 2026. The slippage ratio of the bank is reduced to 0.06% for the quarter ended June 2026 as against 0.10% as on June 2025. And with respect to the valuations, there is a significant improvement in return on assets, which stood at 1.41% for the quarter ended June 2026, with a 27 bps increase as compared to June 2025. With regard to book value per share, it improved to INR 15.79 for June 2026 when compared to INR 12.41 for June 2025. Similarly, improvement is evidenced in return on equity with 369 bps year-on-year. Currently, return on equity stood at 22.69% when compared to 19% for June 2025. Earnings per share for June 2026 is 0.86 which improved from 0.58 as on June 2025. This is all about the financial performance of the bank for the quarter ended 30 June 2026. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Mr. Ashok Ajmera from Ajcon Global. Please go ahead. Ashok Ajmera: Yes, thanks for giving me the opportunity first. Compliments, Srivastava Saab, Joydeepji, and Dhanarajji, and the entire team of the Indian Overseas Bank for the fantastic results for Q1 FY'27. And you are just a whisker away from INR 7 lakh crore business, which will be achieved soon or might have already been achieved by now. And compliment that you met all the, I mean, parameters or the targets which are given and even in the current quarter also, there is a good credit growth of 3.77%, an overall annualized base is 22.75%, which is commendable. Having said this, sir, I've got a couple of observations and some questions. In profitability, which is one of the highest now in the net profit, as was told just now, INR 1,659 crores. Even profit is also good at almost about INR 2,700 crores. There is a major component of PSLC commission of INR 863 crores and good recovery. I mean reasonably good recovery from written-off accounts of also almost about INR490 crores. Fee based income has also gone up. So this PSLC and equally in the investment in the treasury book, also the profitability is there. So that is where the major contributor of this profit in this quarter. Page 3 of 12 Indian Overseas Bank July 20, 2026 So going forward, can you give us some colour on the -- I mean, how are we going to close this FY27 as far as the profitability is concerned, whether the consistency will remain there in spite of these -- some of these factors which may not be materialized in the coming quarters? Ajay Kumar Srivastava: So regarding this profitability, say [Showing first 8,000 characters — download PDF for full document]