New Delhi. A senior official of Indian Overseas Bank (IOB) has said that the performance of the bank has continuously improved in the last two and a half years. During this period, the bank has opened 85 lakh new current and savings accounts, which have deposits of Rs 24,000 crore. 95 percent of these accounts are savings accounts, on which interest expenses are low. IOB’s net profit increased by 57.79 percent to Rs 1,226 crore in the July-September quarter of 2024-25. At the same time, the gross NPA rate of the bank came down to 1.83 percent, which was 2.72 percent in the same quarter last year. The bank’s net interest income increased by 20.53 per cent to Rs 3,059 crore and total loans increased by 20.79 per cent. The bank is now expanding rapidly across the country. In the next 6-8 months, 234 new branches will be opened in Bihar, Uttar Pradesh and other states. With this, 1,100 new appointments are being made in the current financial year, out of which almost half have already joined.