16 Oct 2025 | 3 Mins Read
Indian Overseas Bank stock surges on 58% profit growth
Flipitmoney
Shares of state-run Indian Overseas Bank Ltd. rose on Thursday, October 16, after quarterly results showed a 21% rise in Net Interest Income to ₹3,059 crore and a 58% jump in net profit to ₹1,226 crore. Asset quality improved, and shares rose up to 1% on Thursday, trading 2% higher at ₹41, reversing a year-to-date decline of 22%.