India Ratings upgrades Indian Overseas Bank to IND AA+
Indian Overseas Bank (IOB) said India Ratings has upgraded its credit rating to IND AA+. The company is valued at about ₹60,369 crore.
What happened
Indian Overseas Bank (IOB) told the exchanges on 5 October 2026 at 05:08 PM that India Ratings has upgraded its credit rating to IND AA+.
Company snapshot
Indian Overseas Bank is a mid-cap company in the Financial Services sector, with a market value of about ₹60,369 crore.
The stock last traded at ₹31.35, against a 52-week range of ₹30.07–₹41.8 (25.0% below the high).
Before this filing the shares had moved −7.0% over the month and −11.2% over three months. Average daily turnover over the last 20 sessions was about ₹7.8 crore.
Promoters held 92.44% at the end of Q1 FY27. Foreign institutions owned 0.47% and domestic institutions 4.29%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 8,868 | 1,178.5 | 0.61 |
| Q2 FY26 | 9,216 | 1,258.8 | 0.65 |
| Q3 FY26 | 9,672 | 1,427.2 | 0.71 |
| Q4 FY26 | 9,780 | 1,556.2 | 0.81 |
| Q1 FY27 | 10,938 | 1,716.3 | 0.89 |
What history shows
BCEIE's records show 2 previous credit rating filings from the company since May 2026.
Across 186 similar disclosures by other Financial Services companies, shares moved +0.1% on average the next day and −0.1% over five days; 47% of them rose the next day.
Market-wide, 1,207 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.2%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
In the news
Recent coverage elsewhere (links open the original publisher):
- Indian Overseas Bank Share Price Today,, IOB Share Price NSE, BSE
- Indian Overseas Bank (IOB) Share Price: IOB hits fresh 52-week low
- Indian Overseas Bank Observes “SwachhataHi Seva 2026” with Cleanliness Drive at Central Office
- Indian Overseas Bank flags possible branch disruption due to proposed strike
- Indian Overseas Bank Announces Notice of Proposed Bank Strike
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.